Ashok Leyland declines 3% after CLSA cuts target price

shares of AshokLeyland plunged over 3 percent in early trade on Tuesday after the global brokerage firm CLSA maintained ‘Sell’ rating on the stock and also cut the target price to Rs 75 (Rs 85 earlier).

The scrip was trading 3.20 percent down at Rs 87.75 at around 9.50 am (IST), while the BSE Sensex was down 146 points, or 0.40 per cent, at 36,424 at around the same time.
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Posted in: Indian Market Tips