Do not buy Ashok Leyland, says Shardul Kulkarni, Angel Broking.
Do not buy Ashok Leyland , says Shardul Kulkarni, Angel Broking.
Kulkarni told CNBC-TV18, "I would not look at buying unless and until I have a very longer term view but chartically nothing looks as a buy at least as of now. Probably you can exclude BHEL from that wherein I would say that yes, the stock may outperform the markets. If the markets fall, the stock may not fall but other than that I won’t look at buying."
He further added, "Ashok Leyland definitely not on the buy list because you are clearly seeing that the stock moving in a sideways range and preferably when the market is not quite bullish, I would not look at buying anything at all.
Disclosure: We do have positions in certain stocks that we have just recommended and we may have recommended them to our clients.
Set email alert for
ADS BY GOOGLE
video of the day
Achieving 4% inflation goal tough; agri reforms key: Nomura