Brokerage firm CLSA downgraded Delhivery to underperform, Jefferies has a hold rating on Zydus Life and an underperform rating on Anupam Rasayan. Citigroup recommended a buy on Phonix Mills. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Delhivery: Underperform| Target Rs 488 CLSA downgraded Delhivery … Read more
Brokerage JPMorgan maintained an overweight rating on SBI and Macquarie upgraded Escorts to outperform. CLSA downgraded Sula to underperform while maintaining a sell on Asian Paints post Q4 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on SBI: Overweight| Target Rs 1000 JPMorgan maintained an … Read more
Mumbai: US brokerage firm JP Morgan maintained its underweight stance on the Indian IT sector and said the technology services companies remain at continuous risk of earnings de-rating and downgrades. Revenue growth trends have normalised to single digits as witnessed prior to the outbreak of the Covid-19 pandemic, it said. “TCS and Infosys‘ very disappointing … Read more
Mumbai: Analysts are slashing profit estimates of companies as the impact of the sharp run-up in raw material costs and demand slowdown in rural India are expected to reflect on earnings over the next couple of quarters. Downgrades in earnings estimates by analysts at leading brokerages have outnumbered upgrades in the past four weeks. Out … Read more