A host of brokerages have downgraded the target prices of several midcap stocks in the last one month. Trendlyne data shows that 6 Nifty midcap stocks, including AU Small Finance Bank, APL Apollo Tubes, PI Industries, and Coforge faced up to six analysts’ target price downgrades in the last 1 month. Here is the list of these stocks and their revised target prices:
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction