Several brokerages have recently downgraded their target prices for multiple stocks, according to Trendlyne data. A total of 10 stocks have faced target price downgrades, including IndusInd Bank, Maruti Suzuki, Ambuja Cements, Asian Paints, and Titan. These downgrades have resulted in a reduction in their target prices, reflecting a potential decline in their future performance. The revised target prices for these stocks vary, ranging from a low of 5% to as high as 21%. For example, IndusInd Bank’s target price has been downgraded by 10%, while Asian Paints’ target price has been reduced by 5%. Maruti Suzuki’s target price has been cut by 6%, and Ambuja Cements’ by 8%. Titan’s target price has been downgraded by 7%. These downgrades suggest that analysts are less optimistic about the prospects of these stocks, and investors may want to exercise cautiousness when considering investments in these companies.
In the past month, 10 stocks, including Titan and Asian Paints, suffered downgrades, with Britannia Industries’ stock price currently standing at Rs 4,947.
