Jp Morgan Downgrade

• 

  Indian IT Sector Growth Boom to End Due to Soaring Inflation, Supply Chain Issues, Predict JP Morgan Analysts

  JP Morgan analysts have downgraded Indian IT sector to ‘underweight’ as they predict it will face an end to growth boom enjoyed during the pandemic. Soaring inflation, supply chain issues and the hit from the Ukraine war has been listed down as some of the major reason for this fall.

• 

  As Pandemic Boom Wanes, JP Morgan Downgrades India's IT Industry

  The pandemic growth boom in India's IT services industry is fading; JP Morgan analysts said as they downgraded the sector to "underweight".

• JP Morgan Cuts Ratings on Coal India, NMDC

  The investment bank said Coal India's downgrade was driven by its assessment of potential coal production and prices.

• JP Morgan Downgrades Reliance Industries to 'Neutral'

  JP Morgan downgraded Reliance Industries Ltd to "neutral" from "overweight", saying share prices already reflect positive catalysts even as fundamentals remain on "a solid footing".

• JP Morgan downgrades L&T to 'neutral' on valuations

  JP Morgan says valuations at 18 times one-year forward earnings are not cheap for the company.

• BHEL shares hit by multiple price downgrades on weak Q3

  Shares in Bharat Heavy Electricals Limited, India's top power equipment maker, fell for the fifth time in six sessions after multiple brokerages reduced their target price on the stock following disappointing quarterly numbers.

• JPMorgan downgrades Ultratech, prefers Grasim

  JP Morgan says Ultratech trading at 10 times enterprise value/EBITDA and at 18 times P/E.

• JP Morgan cuts Jet Airways to 'underweight'

  JP Morgan downgraded Jet Airways to 'underweight' from 'overweight' on Friday

• France downgrade hits stocks, euro at 17-month low

  The dollar and U.S. Treasury prices rose as investors moved money into lower-risk assets.

• SKS Micro plunges ahead of earnings

  Shares of SKS Microfinance tumbled by 19 per cent to hit an all-time low on the bourses in the morning trade on Friday. The stock also came under pressure after a downgrade from brokerage firm JP Morgan. JP Morgan has cut its target on SKS Micro to Rs 200 from Rs 550 earlier. The brokerage firm cited deep earnings cuts and loss forecas...