Ashok Leyland shares fall after CLSA downgrades on oversupply, margin headwinds

CLSA also cut its price target on Ashok Leyland by 27% to ₹188 from ₹258 earlier.

CLSA also cut its price target on Ashok Leyland by 27% to ₹188 from ₹258 earlier.

On Wednesday, market tech analysts Mitessh Thakkar and Shilpa Rout recommended these stocks for the short term.

Enthusiasm over China’s stimulus-driven rally is cooling after the lack of any further major initiatives at a key policy meeting Tuesday disappointed investors.

RITES Share Price | Eithad Rail is the developer and operator of the UAE National Rail Network. RITES said the MoU is to explore cooperation and synergise strengths in developing railways and related infrastructure in the UAE and wider region.

While cyclical challenges, especially in refining and retail, are expected to continue, these issues seem to be reflected in the current pricing, Morgan Stanley noted.

Marketbuzz Podcast: RBI Governor’s commetary on the road ahead may be a key factor in determining market sentiment in mid-week trading today before TCS kickstarts the earnings season on Thursday. Tune in to the podcast for more cues

Divi’s Laboratories recently exited the Nifty 50 index, along with LTIMindtree, having being replaced by Trent and Bharat Electronics.

Hyundai Motor India is the second-largest OEM and the second-largest exporter of passenger vehicles and has a domestic market share of 14.6%.

Hyundai Motor India will surpass LIC to become India’s largest IPO in history.

Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the green. Nifty 50 closed at 25,013.15, while Sensex ended at 81,634.81.