Ashok Leyland is auto sector’s cheap & standard stock, which is ready to zoom in today’s trading session. The intraday target (today) for the stock is Rs 55.

Lots of FIIs are taking positions in that & many brokers recommend this stock it will start to zoom like rocket.

The stock has performed brilliantly on yesterday, and closed at Rs 50.75 after gaining 7.9% on BSE. This is the best time to purchase this stock. The stop loss is at Rs 50. The stock has seen a 52-week high of Rs 51.4 and low of Rs 33.09. So, don’t miss the opportunity.

Ashok Leyland has forged a partnership with the TVS group to launch its pre-owned trucks in Tamil Nadu.

Chennai-based Ashok Leyland sells pre-owned trucks under the brand name `Altrux`. The company has similar outlets in Rajasthan and Kerala.

The strategy involves an exchange plan, under which initially only old Ashok Leyland vehicles would be exchanged. The company aims to sell 250 such vehicles this year.

Sales of high-end buses have doubled in the past six months