Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Even now there is not much great positive news on Ashok Leyland. I think when that comes, it will probably be at Rs 115-120. So, possibly you need to wait on it. It is a bit like Tata Motors where when the good news comes in, you will probably find it at Rs 580-600. However, when that comes in that remains to be seen. However, overall, you have 15 point downside and possibly a 30 point upside."
He further added, "Balaji Telefilms is not something I track but overall it has started to climb out of a sideways movement. Possibly if we can get past Rs 150, a new leg all the way up to Rs 200-220 could start off. Basically it looks much better than Zee Entertainment. So, if we have to compare the two, probably Balaji is the better one."
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