Fundamental Radar: 5 reasons why Ashok Leyland is a buy for long term, says Kripashankar Maurya

“We expect Ashok Leyland to be benefited from: 1) new product launches (in EV, Multi-axle, Tipper/haulage segment); 2) expanding domestic network; 3) increasing global presence; 4) increasing intensity of infrastructure, and 5) softening of RM prices. We recommend ADD rating on the stock with a target of Rs 170,” Kripashankar Maurya, Assistant Vice President - Research at Choice Broking, said.