Hold Ashok Leyland, says Avinnash Gorakssakar

Avinnash Gorakssakar, Market Expert told CNBC-TV18, "Ashok Leyland's Q1 numbers have been a little disappointing, a drop of almost 60 percent. But I would believe that the second and third quarter for Ashok Leyland should definitely be a little more stronger."

"The first quarter seems to be a little bad quarter on account of the transition to GST and more importantly, the larger discounts given in this quarter. So I would believe that if the investors can hold on for the next 6-12 months, the commercial vehicle (CV) cycle should definitely pick up in the second half of FY18 and then definitely one should get a better kind of upside for the stock. So my suggestion is hold on," he added.