Nomura maintained buy call on Ashok Leyland share price jumped over 5 percent

Ashok-Leyland

Ashok Leyland share price jumped over 5 percent after Nomura maintained buy call on the stock.

The Japanese brokerage firm has retained buy call on the stock with target raised to Rs 134 per share.

It is of the view that stronger M&HCV recovery is likely adding that the company will benefit more due to its higher share in higher tonnage trucks.

News Source: Moneycontrol

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