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ā¢ Motilal Oswal is bullish on Ashok Leyland and has recommended a buy rating on the stock with a target price of Rs 215.
ā¢ AL's 2QFY24 result was in line, with its EBITDA margin expanding for the fifth consecutive quarter.
ā¢ The management has guided for 8-10% YoY growth for the MHCV industry in FY24, and the company's outlook remains positive.