Business Growth returning after 3 quarters, says Jefferies Updated : November 20, 2020 09:44 PM IST The overall upgrade to downgrade ratio was 5:1. A high proportion of stocks in the financials, cement, metals, oil & gas and several industrials saw double-digit earning upgrades. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.