Shares Of Ashok Leyland Touched 52-Week Low Of Rs 87.45

Shares of Ashok Leyland touched 52-week low of Rs 87.45, down 3.5 percent after brokerage house CLSA reiterated sell on the stock and also cut target to Rs 75 from Rs 85 per share.

CLSA sees high likelihood of a downturn after 4 years of up-cycle for truck market and expect competition to intensify in a downturn.

Sun Pharma continues to surge on the second day of the week and is the biggest gainer today.

Kotak Mahindra Bank, after an impressive Q3 result, is the second biggest gainer among Sensex stocks today. However, most of the stocks on the index are trading in the red.

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