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Below Rs 28, Ashok Leyland can test Rs 22: Gujral

09 Jul 09 03:20 PM
Money Control
fjrigjwwe9r1News:Details
Technical Analyst, Ashwani Gujral is of the view that below Rs 28, Ashok Leyland can test Rs 22.

Gujral told "The four wheeler stock and the kind of stocks which consumers buy, they have done well. But commercial vehicles are still quite weak, if Ashok Leyland trades below Rs 28, we are likely to see it go down to Rs 22. Tata Motors, Ashok Leyland are still not showing any traction on the upside. So we would be much better off keeping away from it.’