Angel One sees almost 18% upside in Ashok Leyland share price. Should you buy?
Shares of Ashok Leyland have piqued investor interest after brokerage firm Angel One issued a bullish view on the stock. Despite recent volatility, the firm projected an almost 18 percent upside, citing a robust technical setup and strong momentum indicators. With positive developments in the commercial vehicle space and a healthy financial profile, the company is positioned for steady gains, Angel One said.
Angel One’s Fundamental View
The brokerage has a buy call with a target price of ₹295, implying an upside potential of almost 18 percent from previous close of ₹250.60.
According to Angel One, the Indian commercial vehicle (CV) market is undergoing a structural revival led by increased government capital expenditure, rising…
