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B L Kashyap and Sons News
Analyst's corner
Ashok Leyland
Reco price: Rs 72
Target price: Rs 83
Strong CV demand would steer the market share growth of Ashok Leyland. Key volume drivers include: commencement of Uttarakhand plant, strong traction in southern market, entry into newer segments and CV financing from Hinduja Leyland Finance. The company is expected to clock in sales of 87,000 vehicles in FY11 compared to 63,942 in FY10. Resilient
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