Ashok Leyland may test Rs 165: Sandeep Wagle

Sandeep Wagle of powermywealth.com told CNBC-TV18, "In Ashok Leyland I would recommend a stoploss of Rs 130, which is a very crucial level. It has been able to hold above that and even in this falling market this is one stock which is holding, so that is very positive for the stock. Over the next 12-15 months I would look at a target of around Rs 165."

At 14:34 hrs Ashok Leyland was quoting at Rs 141.20, up Rs 1.80, or 1.29 percent.

The share touched its 52-week high Rs 143.80 and 52-week low Rs 81.00 on 01 March, 2018 and 19 April, 2017, respectively.

Currently, it is trading 1.81 percent below its 52-week high and 74.32 percent above its 52-week low.