The Nifty Realty index was hit hard over the past few weeks, crashing 15 per cent due to rising oil prices amid supply disruption fears, leaving investors jittery about the rate-cut cycle
Strong consumption growth, improving occupancies and a healthy pipeline of new assets are supporting Phoenix Mills' stock, prompting brokerages to upgrade earnings estimates
Geojit has upgraded its rating on the stock to 'Buy' from 'Hold', with a revised target price of ₹1,996, based on 5.4x FY27E adjusted book value per share (BVPS
The brokerage gave a target of ₹1,350 per share, implying 15.3 per cent downside from Friday's close at ₹1,595.1 per share. The brokerage also sees the stock as "expensive" given current valuations