How are fundamental research recommendations made?
Based on extensive research and analysis, our fundamental research recommendations are made based on market capitalisation and expected movement:
| Rating | Large Cap | Mid Cap | Small Cap |
|---|---|---|---|
| Buy: Acquire at the Current Market Price (CMP), with target given in the research note | Upside is above 10% | Upside is above 15% | Upside is above 20% |
| Accumulate: Partial buy or accumulate as CMP dips in the future | - | Upside is 10% - 15% | Upside is 10% - 20% |
| Hold: Hold with expected target given in the research note | Upside is 0% -10% | Upside is 0% -10% | Upside is 0% -10% |
| Reduce/Sell: Reduce exposure/ exit positions | Downside is more than 0% | Downside is more than 0% | Downside is more than 0% |
| Not Rated/ Neutral: The analyst has no investment opinion on the concerned stock | - | - | - |
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