Jefferies turns cautious on 3 stocks, sees as much as 18% downside risk
Jefferies has issued 'Hold' or 'Underperform' ratings on BSE, Mahanagar Gas, and Ramco Cements due to various factors such as lack of clarity on new products, slowdown in volume growth, pricing pressure, and execution risks for upcoming projects. Despite BSE's market share gains and higher profits, the overall outlook for these stocks remains cautious.