Ashok Leyland falls 0.5% after Goldman Sachs cuts rating, despite 18% rally since GST cuts.

• Goldman downgrades to neutral, sets price target 140 rupees, trimming FY26‑28 EPS forecasts by 4%.
• Analysts see limited upside after rally; tax cuts boost demand, but capex remains modest still.
• Year‑to‑date, shares are up ~30% outperforming the auto index’s 19.4% gain, highlighting strong momentum in the market.