Avoid Ashok Leyland, says Baliga

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/avoid-ashok-leyland-says-baliga/)
Ambareesh Baliga of Karvy Stock Broking is of the view that one should ignore Ashok Leyland.

"Among IVRCL Infra and Ashok Leyland, IVRCL would be a better choice but there are many more companies in that sector, which are much better. In fact I would prefer a stock like GMR or a Punj Lloyd. Ashok Leyland from an excise cut angle there could be some interest but for this sector to come out from where it is right now, I think it will take at least 3-4 quarters minimum. So at this point of time one can ignore a stock like Ashok Leyland."

Source : MoneyControl