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MARKET EYE-India's Ashok Leyland rallies on July-Sept earnings
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Rahul Gandhi
The Congress lawmaker and scion of the Nehru-Gandhi dynasty turns 43 on Wednesday. Slideshow
* Shares in Ashok Leyland gain as much as 6.4 percent a day after India's second-biggest bus and truck maker posted July-September earnings that were above forecasts. * IDFC upgrades Ashok Leyland to 'outperform', retaining its target price at 31 rupees, saying earnings were "significantly ahead of estimates." * IDFC says the auto maker will benefit from a cyclical upturn in the sector while Ashok Leyland shares have under-performed in the recent market rally. * Ashok Leyland shares up 5.2 percent at 25.35 rupees as of 0450 GMT. (manoj.dharra@thomsonreuters.com)
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