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VERIFIEDET Markets·neutral
Ashok Leyland shares in focus after Q1 results. What are Citi, Nomura analysts saying?
AI Summary
- ·Ashok Leyland's Q1 consolidated profit rose 2% to Rs 668 crore on a 10% revenue increase to Rs 10,750 crore.
- ·Margins declined due to increased material costs.
- ·Brokerages like Citi and Nomura maintained Buy/Neutral ratings with price targets between Rs 194 and Rs 200.