Ashok Leyland is looking very strong, and it will surely reach above Rs 51 in today’s trading session.

Stock analysts have specially recommended this stock for intraday trading on Wednesday. The stock has shown a decent rise, and there are big expectations from this stock in today’s trading session as it has performed brilliantly on Tuesday. Yesterday, the stock marked its closure at Rs 47.65, up 16.7% on BSE.

Interested investors may buy the stock around 47, with a stop loss at Rs 46. Investors can surely reap good returns from this brilliant stock.

Ashok Leyland has decided to launch its next-generation commercial vehicles (CVs) with modern technology in the next two to three years.

Using its in-house R&D set-up, the company is developing electronic shift-by-wire transmission technology and electronic-controlled engine management systems to take fuel efficiency to a new level. It will also be launching a range of hybrid trucks and buses next year.

The company is utilising low-cost techniques to develop new technology for Indian applications. For its new hybrid range of vehicles, it is working on both electric battery and bio-fuel modes. These technologies are also expected to come in buses and mid-range commercial vehicles.