With the results season coming to an end, stock analysts are busy changing their recommendations and revising their stock target prices. Out of 230 widely-covered companies, 77 beat analysts' estimates, 88 missed estimates while 64 were in-line with the targets. Since the beginning of FY19, earnings downgrades have limited Nifty's one-year forward earnings per share(EPS) by 2 per cent. While two-thirds of the BSE 500 stocks have seen cut in price target in the last one month, 23 stocks including Vinati Organics, Coffee Day, Balrampur Chini, Grindwell Norton, Info Edge among others have seen increase in price targets by more than 5 per cent.
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ET Markets
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