Downgrades pip upgrades in February; analysts bullish on TechM

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.