Analysts downgrade two out of three stocks in November

The NSE Nifty 50 Index snapped its two-month falling streak by posting a gain of 4.7 per cent in November. Indian equities also attracted foreign flows of $891 million during the month, highest among other Asian nations. Brent declined over 20 per cent while the rupee appreciated 4.4 per cent against the greenback to snap its nine-month losing streak.

However, all of this was unable to stir up analysts as they downgraded two out of three stocks under coverage. Analysts downgraded the target price of 67.6 per cent out of the 407 stocks covered by at least five analysts during November.