Sell Ashok Leyland Limited:

Ashok Leyland Ltd has officially announced a consolidated sales of Rs. 6,000.28 Cr for the third quarter finished on 31-12-2020, which is 54.74% up from its previous quarter sales of Rs. 3,877.62 Cr and 15.20% up from its previous year same quarter sales of Rs. 5,208.53 Cr. The company has reported a net profit after tax of Rs. 38.41 Cr in the previous quarter.

Outlook:

Ashok Leyland Ltd: Experts suggested sell call at current market price: Rs. 111.85 with a target price: Rs. 104; Stoploss: Rs. 115.

Sell Eicher Motors Limited:

Eicher Motors Ltd has officially announced a consolidated sales of Rs. 2,809.44 Cr for the third quarter finished on 31-12-2020, which is 31.68% up from its previous quarter sales of Rs. 2,133.60 Cr and 19.53% up from its previous year same quarter sales of Rs. 2,350.45 Cr. The company has reported a net profit after tax of Rs. 501.21 Cr in the previous quarter.

Outlook:

Eicher Motors Ltd: Experts suggested sell call at current market price: Rs. 2,396.25 with a target price: Rs. 2,350; Stoploss: Rs. 2,410.

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