New Delhi, Sept. 8 -- Ashok Leyland shares have been witnessing a mixed trend over different timeframes, reflecting the volatility that has characterised the stock in recent months. Choice Broking has picked the stock as its monthly pick for September. While the auto stock has declined 5% over the past one month, it has delivered a strong 20% gain over the last three months. The performance, however, remains uneven over the medium term, with the stock down 13% in the past six months.

Looking at the longer-term picture, the commercial vehicle maker has continued to generate substantial returns for investors. Ashok Leyland has gained 23% over the past one year and has delivered multibagger returns of 178% over a five-year period.

Ashok Le...