Exit Ashok Leyland, says Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Ashok Leyland after posting a short term top, it is actually going down in a correction. For a short term investor, I would say that it would be better to actually bail out of the stock and wait for lower levels to re-enter because this can go even further down given the sentiment that is prevailing in the market."

The share touched its 52-week high Rs 133 and 52-week low Rs 81 on 26 October, 2017 and 19 April, 2017, respectively.

Currently, it is trading 7.71 percent below its 52-week high and 51.54 percent above its 52-week low.