For Large Cap Stocks:
Buy – Upside is above 10%.
Hold – Upside is between 0% – 10%.
Reduce – Downside is more than 0%.
Neutral – Not Applicable
For Mid Cap and Small Cap:
Buy – Upside is above 15%.
Accumulate – Upside is between 10% – 15%.
Hold – Upside is between 0% – 10%.
Reduce/Sell – Downside is more than 0%.
Neutral – Not Applicable
To satisfy regulatory requirements, we attribute ‘Accumulate’ as Buy and ‘Reduce’ as Sell. The recommendations are based on 12 month horizon, unless otherwise specified. The investment ratings are on absolute positive/negative return basis. It is possible that due to volatile price fluctuation in the near to medium term, there could be a temporary mismatch to rating. For reasons of valuations/return/lack of clarity/event we may revisit rating at appropriate time. Please note that the stock always carries the risk of being upgraded to BUY or downgraded to a HOLD, REDUCE or SELL
what is difference between buy and accumulate
For Large Cap Stocks:
Buy – Upside is above 10%.
Hold – Upside is between 0% – 10%.
Reduce – Downside is more than 0%.
Neutral – Not Applicable
For Mid Cap and Small Cap:
Buy – Upside is above 15%.
Accumulate – Upside is between 10% – 15%.
Hold – Upside is between 0% – 10%.
Reduce/Sell – Downside is more than 0%.
Neutral – Not Applicable
To satisfy regulatory requirements, we attribute ‘Accumulate’ as Buy and ‘Reduce’ as Sell. The recommendations are based on 12 month horizon, unless otherwise specified. The investment ratings are on absolute positive/negative return basis. It is possible that due to volatile price fluctuation in the near to medium term, there could be a temporary mismatch to rating. For reasons of valuations/return/lack of clarity/event we may revisit rating at appropriate time. Please note that the stock always carries the risk of being upgraded to BUY or downgraded to a HOLD, REDUCE or SELL