Buy Ashok Leyland, target Rs 103: Rahul Shah

Rahul Shah of Motilal Oswal told CNBC-TV18, "Ashok Leyland has been an outperformer. I think in a market like this or a day like this, the stock should outperform. The near-term outlook looks positive on the market, so it should outperform in near-term. In the auto space Ashok Leyland has shown a lot of outperformance. So, my sense is that with a strict stop loss of Rs 92 and a target of Rs 103, I would buy it."At 12:41 hrs Ashok Leyland was quoting at Rs 94.20, down Rs 0.05, or 0.05 percent. It has touched an intraday high of Rs 96.15 and an intraday low of Rs 94.05.