By Ruchit Jain The first half of the June series was completely dominated by the bears as we witnessed formation of short positions in both Nifty as well as Bank Nifty. Nifty corrected from the high of around 16800 to 15200 in just a couple of weeks time where FII’s had formed aggressive short positions. […]
Commercial vehicle manufacturer Ashok Leyland’s strong Q3 performance was driven by a better mix, price hikes and commodity costs (healthy margins). The stable demand environment and improving pricing power should boost earnings. AL is the best play on the CV cycle recovery, along with market share recovery and the expansion of revenue/profit pools. We raise […]
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