Amid sharp downgrades analysts raise target price of few stocks

Even in a month of sharp downgrades, analysts have raised target price of a few stocks that are either undervalued or have announced some corporate action or reported earnings that are better than expected.

For instance, analysts revised the target price of Atul for reasonable valuations; Firstsource for reporting better than estimated results; Vardhman Textiles for strong margins expansion and Nava Bharat Ventures for reporting strong consolidated profits.

ET lists a few such stocks with the best four-week target price revisions, according to Bloomberg consensus estimates. We screened the list for the stocks that have been rated at least by 5 broking houses with a potential return of minimum 10% in a year from the current level.