Shahina Mukadam, Independent Market Expert told CNBC-TV18, "The March numbers for Ashok Leyland were pretty good and what I feel is that FY18 should be a better year given the fact for the full year on an annualised basis the growth was very subdued just about 3-4 percent. So, while fourth quarter number should be better compared to the third quarter, I think looking forward one year the performance should be better especially since light commercial vehicle (LCV) is not really contributing to growth during the current year should start moving up next year."
"Also in terms of heavy commercial vehicle (HCV) as the economy moves up, I think the overall growth should be higher than the 3-4 percent we saw in this year in FY18 and exports also should do much better."
"I think also in defence they are concentrating, so overall I have got a positive view. I personally hold the stock with a long-term view and I would say Rs 100 target is definitely achievable over the next one year, so investor should hold," she added.
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