Jefferies adds Wipro, Hyundai Motor India, Cipla to latest underperform list. Here’s why
Analysis of this story by et_markets · 13 Mar 2026, 3:48 PM IST (about 2 months ago)
AI Analysis
The auto sector is already facing headwinds with Nifty Auto falling over 3.5% today due to LNG supply risks and broader market sentiment. Brokerage downgrades like Jefferies' on Hyundai Motor India exacerbate this negative outlook.
Trading Insight
For auto stocks, maintain a bearish bias, especially for those facing specific company-level challenges like Hyundai. Look for shorting opportunities or avoid fresh long positions, with strict stop-losses.
Quick check: WIPRO bearish bias (oversold), CIPLA bearish bias (-0.6% 1d).
Key Evidence
- •Jefferies added Wipro, Hyundai Motor India, and Cipla to its latest underperform list.
- •Concerns for Wipro include slow deal ramp-ups.
- •Concerns for Hyundai Motor India include market share losses.
- •Concerns for Cipla include US revenue pressure.
- •Risk flag: Broader market recovery could cushion individual stock falls.
Affected Stocks
Sources and updates
Original source: et_markets
Published: 13 Mar 2026, 3:48 PM IST
Last updated on Anadi News: 13 Mar 2026, 4:19 PM IST
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