Ashok Leyland to roll out four new outlets in Punjab

Ashok Leyland to roll out four new outlets in PunjabChennai-headquartered Ashok Leyland has decided to open three more outlets in Punjab including, one in Chandigarh in the current fiscal to expand its network. 
  
The proposed outlets would be open at Ludhiana, Moga, Chandigarh and Bathinda, by this fiscal. At present, the company has outlets at eight locations in the state.

Apart from latest development, the company today inaugurated its new outlet, spread over 10,000 square feet, at Patiala.    

Ashwani Gujral, well-known technical analyst, is of the view that Ashok Leyland stock had witnessed a decent move and then fell. It is in a range of about Rs 28 to about Rs 36.

The shares of the company today closed at Rs 32.30, up 2% compared to previous close of Rs 31.75.