Ashok Leyland Q3 Results Review: Anand Rathi Retains 'Buy' On The Stock, But Lowers Target Price — Here's Why

Valuations are reasonable at 12x/10x FY26e/27e EV/Ebitda, the brokerage retains Buy with a lower target price of Rs 260,12x FY27e EV/Ebitda and Hinduja Leyland Finance at Rs 11/share.