The NSE Nifty 50 Index snapped its two-month losing streak by posting a gain of over 6 percent in April. That’s the biggest monthly rise in over two years. All but one sectoral gauge—the Nifty PSU Bank Index— jumped during the month. Nifty IT and Nifty FMCG led with over 10 percent returns each.
Of the 404 stocks covered by at least five analysts tracked by Bloomberg, 45 percent saw an upgrade in target price while 42 percent were downgraded. The target price remained unchanged for the remaining 14 percent.
Here’s a list of the top upgrades and downgrades in April: