Prakash Diwan, Asit C Mehta Investment shares his view on Ashok Leyland .
Diwan told CNBC-TV18, "Ashok Leyland is facing the heat from the competition which is emerging and you have Mahindra that has given way into a significant market share also. I think the company going forward is going to be quite stressed out and the management has tried reassuring the investors about their plans but I am sure the stock is going to take a while before it is going to take back into its historic highs in that kind of a range. So you will have to wait and watch but do not expect too much out of the stock in terms of an up move strategy."
