Nifty 17938.4 (-0.96%)
Sensex 60098.82 (-1.08%)
Nifty Bank 38041.35 (-0.44%)
Nifty IT 37281.7 (-2.13%)
Nifty Financial Services 18269.95 (-1.08%)
Adani Ports 744.20 (-2.46%)
Asian Paints 3280.40 (-2.77%)
Axis Bank 729.60 (0.61%)
B P C L 394.35 (-0.94%)
Bajaj Auto 3436.80 (1.05%)
Bajaj Finance 7571.80 (-2.22%)
Bajaj Finserv 18077.30 (-0.42%)
Bharti Airtel 703.70 (-1.49%)
Britannia Inds. 3575.65 (-1.28%)
Cipla 895.65 (-0.72%)
Coal India 163.90 (1.93%)
Divis Lab. 4481.50 (-1.01%)
Dr Reddys Labs 4684.95 (-0.18%)
Eicher Motors 2718.70 (-0.64%)
Grasim Inds 1806.50 (-2.47%)
H D F C 2620.25 (-1.59%)
HCL Technologies 1199.20 (-1.68%)
HDFC Bank 1518.45 (-0.71%)
HDFC Life Insur. 656.05 (-1.95%)
Hero Motocorp 2699.80 (0.26%)
Hind. Unilever 2309.90 (-2.52%)
Hindalco Inds. 504.80 (1.77%)
I O C L 125.10 (0.93%)
ICICI Bank 808.60 (-1.76%)
IndusInd Bank 893.25 (-0.71%)
Infosys 1867.05 (-2.80%)
ITC 220.35 (-0.18%)
JSW Steel 674.65 (-0.82%)
Kotak Mah. Bank 1905.65 (-1.88%)
Larsen & Toubro 2020.90 (-0.06%)
M & M 894.40 (0.25%)
Maruti Suzuki 8015.70 (1.27%)
Nestle India 18937.00 (-2.28%)
NTPC 134.80 (-0.15%)
O N G C 170.25 (3.91%)
Power Grid Corpn 204.65 (-0.24%)
Reliance Industr 2521.60 (-0.01%)
SBI Life Insuran 1248.10 (-1.41%)
Shree Cement 26402.25 (-2.77%)
St Bk of India 515.80 (1.78%)
Sun Pharma.Inds. 838.50 (-0.97%)
Tata Consumer 717.65 (-1.89%)
Tata Motors 520.85 (1.97%)
Tata Steel 1209.60 (1.23%)
TCS 3914.65 (-1.90%)
Tech Mahindra 1670.10 (0.56%)
Titan Company 2588.90 (-0.45%)
UltraTech Cem. 7434.40 (-1.61%)
UPL 813.25 (1.77%)
Wipro 621.15 (-1.92%)

Here’s a quick peek at stocks with most brokerage downgrades

by 5paisa Research Team 03/12/2021

With the Indian stock market taking a breather over fresh concerns about the new variant of coronavirus that threatens to affect business and economic activity across the world, coupled with a view that local bourses have run way past their fundamentals, investors are taking a cautious stance on companies big and small.

Looking at the fundamentals and other scenario, brokerage houses come out with their estimate of the price at which one should buy or sell stocks. Their recommendations are by no means the final word but they do give a directional note that investors should keep a watch on.

We picked a list of companies that have seen more than one brokerage house downgrade their price target of a specific company to create a set of companies that may see bearish sentiments.

Topping the chart here is fast-moving consumer goods firm Britannia Industries, which makes biscuits and other bakery and dairy products. The company, controlled by Wadia Group, has seen as many as six brokerages downgrade the stock.

Other stocks that are a notch behind with five downgrades or price target cutback in the past one month include two-wheeler maker Hero MotoCorp and drugmakers Aurobindo Pharma, Glenmark Pharma and Granules India.

Further below we get names like Bajaj Auto, Dr. Reddy's Labs, Lupin, Petronet LNG, Emami, Alembic Pharma, JK Lakshmi Cement, TeamLease, Kalpataru Power and Lumax Industries.

This shows how two-wheeler makers and pharmaceutical companies, besides selective FMCG companies, are especially seeing bearish sentiments.

There are another two dozen stocks that have seen at least two downgrades or price target cuts by analysts.

If we scan through the large caps among these companies, we get Maruti Suzuki, Tata Steel, Shree Cements, Motherson Sumi, Eicher Motors, UPL, Gujarat Gas, SAIL, NMDC, Vodafone Idea, Colgate-Palmolive, Kansai Nerolac, Laurus Labs, Escorts and Minda Industries.

In the mid-cap space, brokerages have added a bearish tone in their analyst reports for Amber Enterprises, Mahanagar Gas, Avanti Feeds and EPL.

The remaining companies in the pack with brokerage downgrades are small caps with market valuation of under Rs 5,000 crore. These include Aarti Drugs, NOCIL, Indoco Remedies, Mishra Dhatu Nigam, Ujjivan Small Finance Bank, Kaveri Seed, IG Petrochemicals and Shalby.

Open Demat Account

Enter Mobile Number
Enter correct otp
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
SENSEX
60,098.82
-656.04 (-1.08%)
Nifty 50
17,938.40
-174.65 (-0.96%)
Nifty Bank
38,041.35
-168.95 (-0.44%)
Next Article

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number

Stocks Directory

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All 0-9