Stay invested in Ashok Leyland: Nooresh Merani

Nooresh Merani of Analyse India told CNBC-TV18, "Ashok Leyland has been in a long-time uptrend, ever since it crossed above Rs 45-50 levels. Even in the current dip, it has not given as big a correction like many other midcap stocks. So, I would wait if it comes to around Rs 76 levels, it could be a good add. So, I would say hold on to the stock and if you get an opportunity closer to Rs 76, it could be a good entry price.""PTC India has been in a long-term downtrend, so I would suggest any rise to Rs 75 levels, book out of the position and look for other stocks," he added.