Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "I am overall positive on Ashok Leyland
. I think the launch of the electric bus that you are hearing off as well as the commercial vehicle (CV) numbers themselves we did have a couple of sort of patchy months for Ashok Leyland and there was some hiccups over the last quarter numbers. Given that we have seen the stock correct, so I think if you have the patience stay put and I think if you stay invested for a year my target would be closer to Rs 110-115."
At 15:22 hrs Ashok Leyland was quoting at Rs 83.80, up Rs 2.35, or 2.89 percent on the BSE.