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Reduce Ashok Leyland, target of Rs 30: IIFL

Posted on: July 9th 2009 in Brokerage Recommendations.

IIFL has maintained its reduce rating on Ashok Leyland with a price target of Rs 30 in its report dated July 9, 2009. “Management said the company took active steps to completely eliminate dealer-level inventory in 1QFY10. As a result, dealer-level inventory declined from 3,000 veh…

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