DMart parent falls the most in three years and it's still not rated a buy

Morgan Stanley downgraded the stock to underweight and slashed its price target to ₹3,702 from ₹5,769. JP Morgan cut its rating to neutral with a price target of ₹4,700 from ₹5,400. CLSA maintained its outperform rating but trimmed the price target to ₹5,360 from ₹5,650.