Aadhar Housing Finance Ltd has seen its investment rating downgraded from Hold to Sell, driven primarily by deteriorating technical indicators and a shift in valuation metrics. Despite strong long-term financial performance and market-beating returns over the past year, the company faces headwinds from bearish technical trends and a fair valuation grade that contrasts with its previous very attractive standing.

Jana Small Finance Bank Ltd has seen its investment rating upgraded from Strong Sell to Sell as of 2 February 2026, primarily driven by a marked improvement in valuation metrics. Despite ongoing financial headwinds and subdued stock performance, the bank’s attractive price-to-earnings and price-to-book ratios have prompted a reassessment of its investment appeal. This article analyses the four key parameters influencing the rating change: Quality, Valuation, Financial Trend, and Technicals.

Rashi Peripherals Ltd, a key player in the IT - Hardware sector, has seen its investment rating downgraded from Buy to Hold as of 2 February 2026. This adjustment reflects a nuanced assessment across four critical parameters: Quality, Valuation, Financial Trend, and Technicals. While the company continues to demonstrate robust financial performance and attractive valuation metrics, evolving technical indicators and a cautious outlook on momentum have prompted a more reserved stance from analysts.

Fedbank Financial Services Ltd has seen its investment rating downgraded from Buy to Hold as of 2 February 2026, reflecting a nuanced reassessment across quality, valuation, financial trends, and technical indicators. Despite robust financial performance and market-beating returns, evolving technical signals and valuation concerns have tempered enthusiasm among analysts.

Nuvama Wealth Management Ltd has seen its investment rating downgraded from Hold to Sell as of 2 February 2026, reflecting a combination of deteriorating technical indicators, expensive valuation metrics, and flat recent financial performance. Despite strong long-term fundamentals and market-beating returns over the past year, the stock faces headwinds from subdued quarterly earnings and a shift in technical momentum, prompting a cautious stance from analysts.

Rishabh Instruments Ltd has been upgraded from a Hold to a Buy rating, reflecting significant improvements across technical indicators, valuation metrics, and financial trends. The company’s robust quarterly results, combined with a bullish technical outlook and a premium valuation justified by strong earnings growth, underpin this positive reassessment.

TVS Supply Chain Solutions Ltd has seen its investment rating upgraded from Strong Sell to Sell as of 2 February 2026, reflecting nuanced shifts across technical indicators, valuation metrics, financial trends, and quality assessments. Despite persistent challenges in long-term fundamentals and profitability, recent technical improvements and valuation attractiveness have prompted a more cautious but less negative stance from analysts.

Avalon Technologies Ltd has seen its investment rating upgraded from Sell to Hold, reflecting a notable improvement in its technical indicators and sustained robust financial performance. The upgrade, effective from 2 February 2026, is underpinned by a combination of enhanced technical trends, solid financial results, reasonable valuation metrics, and consistent quality scores, signalling a more balanced outlook for investors in the Other Electrical Equipment sector.

Gateway Distriparks Ltd has seen its investment rating upgraded from Sell to Hold, reflecting a nuanced improvement across technical indicators, valuation metrics, financial trends, and overall quality. This shift, effective from 2 February 2026, comes amid a backdrop of mixed long-term returns but encouraging recent operational performance and promoter confidence.

Tierra Agrotech Ltd, a player in the Other Agricultural Products sector, has seen its investment rating downgraded from Sell to Strong Sell as of 2 February 2026. This change reflects deteriorating technical indicators, flat financial performance, and weak long-term fundamentals, signalling heightened risk for investors amid ongoing market challenges.

AB Cotspin India Ltd, a player in the Garments & Apparels sector, has seen its investment rating downgraded from Hold to Sell as of 2 February 2026. This shift reflects a comprehensive reassessment across four critical parameters: Quality, Valuation, Financial Trend, and Technicals. Despite some positive financial results, the company’s elevated debt levels, expensive valuation metrics, and a deteriorating technical outlook have weighed heavily on the revised recommendation.

Elin Electronics Ltd has been downgraded from a Hold to a Sell rating by MarketsMOJO as of 2 February 2026, reflecting deteriorating technical indicators and disappointing long-term financial trends. Despite some positive quarterly financial results and attractive valuation metrics, the company’s overall outlook has weakened due to persistent underperformance against benchmarks and bearish technical signals.

Latent View Analytics Ltd has seen its investment rating upgraded from Sell to Hold, reflecting a notable improvement in its technical indicators, financial performance, valuation metrics, and overall quality assessment. The upgrade, effective from 2 February 2026, comes amid a strong quarterly performance, positive institutional interest, and a shift in market sentiment towards the stock within the Computers - Software & Consulting sector.

Gretex Corporate Services Ltd has been downgraded from a Sell to a Strong Sell rating as of 2 February 2026, reflecting deteriorating fundamentals and stretched valuation metrics. The downgrade follows a comprehensive reassessment across four key parameters: quality, valuation, financial trend, and technicals, signalling heightened risks for investors in the capital markets sector.

Gland Pharma Ltd has seen its investment rating upgraded from Sell to Hold, reflecting a marked improvement across financial performance, technical indicators, and valuation metrics. The pharmaceutical company’s recent quarterly results and market behaviour have prompted analysts to revise their outlook, signalling cautious optimism amid a very expensive valuation backdrop.

Hitachi Energy India Ltd has been upgraded from a Hold to a Buy rating, reflecting significant improvements across quality, valuation, financial trends, and technical indicators. The company’s robust quarterly results, healthy debt servicing ability, and positive technical signals have collectively driven this upgrade, positioning it favourably within the heavy electrical equipment sector.

A-1 Ltd, a player in the miscellaneous sector, has seen its investment rating downgraded from Hold to Sell as of 2 February 2026. This decision follows a comprehensive reassessment of the company’s quality, valuation, financial trends, and technical indicators, revealing a complex picture of strong market returns overshadowed by deteriorating fundamentals and mixed technical signals.

United Van Der Horst Ltd, a key player in the Heavy Electrical Equipment sector, has seen its investment rating downgraded from Buy to Hold as of 2 February 2026. This adjustment reflects a nuanced reassessment across four critical parameters: quality, valuation, financial trend, and technical indicators. Despite robust financial performance and market-beating returns, evolving technical signals and valuation concerns have tempered the outlook, prompting a more cautious stance among investors.

National Standard (India) Ltd, a player in the Realty sector, has been downgraded from a Sell to a Strong Sell rating by MarketsMOJO as of 2 February 2026. This revision reflects deteriorating technical indicators, stagnant financial performance, and poor valuation metrics, signalling heightened risk for investors amid ongoing market volatility.