Buy Ashok Leyland at around Rs 88-90: Ambareesh Baliga

Ambareesh Baliga, Independent Market Expert told CNBC-TV18, "Once Ashok Leyland crosses Rs 100, moving to those Rs 110-115 levels will be much faster. Although I had recommended this stock at about Rs 32-33 about a year and half back, I am still quite bullish on it even at the current level. In case this correction takes it to about Rs 89-90, I think that is a good buy even at those levels because I have been waiting for that Rs 80-82 levels for quite a while, it has not been happening. So, one should be looking at buying this stock at Rs 88-90."Ashok Leyland closed at Rs 94.50, down Rs 3.00, or 3.08 percent. It has touched a 52-week high of Rs 99.65.