Moneycontrol
Dec 04, 2012 11:15 AM IST | Source: CNBC-TV18

Ashok Leyland has target of Rs 31: Sukhani

Ashok Leyland has target of Rs 31, says Sudarshan Sukhani of s2analytics.com. It made a nice base and broke out and it is doing the right things; it went up, corrected. It is now again resuming its up move.


Ashok Leyland has target of Rs 31, says Sudarshan Sukhani of s2analytics.com.


Sukhani told CNBC-TV18, "Ashok Leyland has been a good run, it is a buying opportunity. I thought it will stall but it hasn’t done that. It made a nice base and broke out and it is doing the right things; it went up, corrected. It is now again resuming its up move. I think a target of Rs 31 is possible which in terms of percentage is very handsome, it is a buying opportunity."

He further added, "Dish TV has been on a roll earlier, it is now in a trading range for about two months. I am assuming it will breakout of that range sooner or later but for the day it is not a buy. It is a buying opportunity if you want to keep a position for some time."

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