Stay invested in Ashok Leyland, says Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "I personally hold Ashok Leyland and I would advise continues holding this stock. If you see the growth triggers are all in place for Ashok Leyland."

"It is a concentrated play in the MHCV space which is doing very well. You see this is reflected in the numbers of Ashok Leyland that is one. I think they are entering into new areas, even the e-battery space they are looking for tie ups and they are likely to get some good orders from the logistic space, so I think numbers also should be much better on a YoY basis. So, everything is looking up, there is no need to get out of the stock as of now. EV by sales is also very reasonable it is just about 1.5 times better to hold," she added.