 "Phoenix Mills")
Shares of India’s largest retail-led mixed-use developer Phoenix Mills slipped on Wednesday after a sharp rally in the previous session. The stock had risen more than 5 per cent on Tuesday to hit an intraday high of ₹1,597.3, following an upgrade from domestic brokerage Motilal Oswal.
On Wednesday, however, the stock gave up some of those gains and closed 3.02 per cent lower at ₹1,518, even as the benchmark BSE Sensex settled 0.51 per cent higher at 80,567.71.
Motilal Oswal upgraded Phoenix Mills to a ‘buy’ rating and raised its target price to ₹2,044 from ₹1,673 earlier, implying a potential
