Ashok Leyland (ASOK) shares jumped 3.3% to ₹241.73, leading gains in the auto sector following the RBI's rate cut. Morgan Stanley reaffirmed an 'overweight' rating with a raised price target, citing a strong cash position despite demand concerns.

• ASOK shares are up 6.1% YTD, outperforming the NIFTYAUTO.
• Morgan Stanley raised its target to ₹288 (23.1% upside).
• Analysts maintain a 'buy' rating, median target of ₹255.