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What made brokerages turn bearish towards this stock even after rising 60% in 1 year

Updated : July 14, 2020 02:29 PM IST

Most brokerages like Motilal Oswal, HDFC Securities, Ambit, and Kotak Institutional Equities have a ‘sell’ rating on the stock.
The D-Mart retail chain operator reported weak numbers on all fronts for the first quarter of fiscal 2021, impacted by the COVID-19 crisis.
Only Morgan Stanley and HSBC have retained a bullish view
What made brokerages turn bearish towards this stock even after rising 60% in 1 year

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