Moneycontrol
Last Updated : Jan 02, 2018 03:34 PM IST | Source: CNBC-TV18

Hold Ashok Leyland, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com is of the view that one may hold Ashok Leyland.

CNBC TV18 @moneycontrolcom

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "I think that when you look at Ashok Leyland, when you look at the stock price, you must not forget the fact that this was a stock which was at Rs 20-30 and then it went all the way to Rs 120 which is why we find that it is consolidating and as you said at that Rs 90-100 kind of level for the longest while."

She further added, "If this month’s numbers are anything to go by and the kind of plans that Ashok Leyland has going ahead, and your horizon is two or three years, you can safely hold on to the stock because they have many things really lined up and you do hear of Ashok Leyland’s name mentioned in a whole host of new products whether it is electric buses or whether it is the kind of numbers that they have been able to do with commercial vehicles even in this month. So, I think that would be my only caveat that possibly it could spend some more time at this Rs 115-120 level, but if you are an investor for a year, year and a half, I think you can continue to hold."
First Published on Jan 2, 2018 03:24 pm
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