Downgrades pip upgrades in February; analysts bullish on TechM

Downgrades pip upgrades in February; analysts bullish on TechM

A list of 437 stocks tracked by at least 5 analysts showed 58.8% stocks were downgraded in February.

India’s benchmark index, Nifty50, declined for the third month in a row in February and the Nifty Bank Index snapped its 4-month gaining streak during the same time. A list of 437 stocks tracked by at least 5 analysts showed 32.5 per cent of them saw target price upgrades during the month gone by, while 58.8 per cent stocks were downgraded and 8.7 per cent remain unchanged.

Stock snip 1

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