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Brokerage upgrade pushes Ashok Leyland to record high while Revathi stays volatile
Ashok Leyland touched a record high after Nomura raised its target to ₹196, while Revathi Equipment stayed volatile as traders assessed rebound sustainability.
Market focus sharpened on after the stock hit a fresh all time high near ₹177 on December 22, following a target price upgrade by to ₹196. The brokerage cited benefits from a strengthening commercial vehicle upcycle, improving market share, export growth, and margin expansion. In contrast, remained a high volatility counter, with traders debating whether recent rebounds signal recovery or continued resistance led moves.