On the radar: Analysts expand coverage amid sharp stock market rally

200 firms of the BSE 500 universe are tracked by more brokerages than a year ago

Brokerages are expanding the universe of stocks they cover amid a boom in the market. Several stocks in the mid-cap universe are now tracked by more analysts than they were a year ago. For instance, SBI Cards and Payment Services is now tracked by 17 brokerages, compared to just four a year ago. Similarly, companies like V-Mart Retail, Ujjivan Small Finance Bank, Indian Energy Exchange, and Birla Corporation are tracked by 7-8 more analysts.

Analysts coverage for more than three dozen companies from the BSE 500 universe has increased by at least five, according to the data provided by Bloomberg. This