2026-08-03 11:28:46 am | Source: Religare Broking Ltd
Stock of the day : Ashok Leyland Ltd by Target Rs. 176 - Religare Broking Ltd
Ashok Leyland Ltd
Buy CMP (Rs) 166.18 Range* 165-167 SL Target 161 176
* Ashok Leyland is displaying a decisive technical recovery, with momentum turning bullish after a prolonged consolidation.
* The recent breakout above the declining trendline, accompanied by a notable volume surge, confirms renewed buying interest and improving market participation.
* Short-term momentum has strengthened, while the formation of higher highs and higher lows reinforces the positive price structure.
* Investors may consider accumulating the stock within the recommended buying range.
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