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Ashok Leyland's Q2 net profit rises 7% to Rs 820 crore, driven by strong performance across business segments and higher export volumes. Consolidated revenue rose 13% to Rs 12,577 crore. The company's EBITDA came in 12% higher at Rs 1,162 crore. Morgan Stanley and Nomura maintained their Overweight and Buy ratings, respectively, with target prices of Rs 160 and Rs 174.

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