ICICI Securities downgraded Ashok Leyland's commercial vehicle control system rating to hold with a target price of 12,750 rupees.

ICICI Securities analyst Ronak Mehta has downgraded Ashok Leyland Limited's commercial vehicle control system rating from "Buy" to "Hold". The target price is set at 12,750 rupees, implying a decrease of 3.6% from the latest stock price.