
The market has been pretty volatile over the last few weeks, despite government efforts to shore up investor sentiment with corporate tax cuts and other announcements. Brokers have largely been conservative with their calls, although some stocks still got multiple broker target price and recommendation upgrades. This stock screener tracks stocks that within the last one month, received upgrades from brokers in either target price, or recommendation, where the analyst moved their call from a SELL or HOLD to a BUY.
These stocks include FMCG firm Dabur India, and telecom company Bharti Airtel. Airtel has been a source of real caution for investors despite its dominance in the Indian telecom space, due to the high debt on its books. However, management recently announced efforts to cut its debt by half by the end of FY20, to Rs. 500 billion. Share price of the stock has risen since the announcement. For the full stock screener, click here.