Buy Ashok Leyland on dips: Yogesh Mehta

Yogesh Mehta of Motilal Oswal Securities told CNBC-TV18, "Ashok Leyland is the only stock which seems to be a very strong contender for upmove and the set up is very strong. We have seen a correction in between also but a buy on dips kind of a strategy should be implemented. Keeping a nearby stop loss of Rs 91 one can look at Rs 100 as a price target if we chose an earlier high of Rs 99.90."At 09:39 hrs Ashok Leyland was quoting at Rs 94.65, up Rs 0.90, or 0.96 percent. It has touched an intraday high of Rs 95.00 and an intraday low of Rs 94.05.