Phoenix Mills shares rise after strong Q1; JPMorgan highlights why downside risk is limited
Shares of Phoenix Mills Limited are trading with gains of over 3% on Thursday, July 9, a day after the company announced its business update. Brokerage firm JPMorgan gave the company an ‘Overweight’ rating, setting the target price at ₹2,000, highlighting that the 32% consumption growth beat market expectations of 25%. While recent investor discussions…
