Phoenix Mills Shares Gain As Morgan Stanley Initiates Coverage With 'Overweight'

Zee Business Video Team | Updated: March 27, 2023 05:57 PM IST

Shares of Phoenix Mills Ltd. gained on Monday after Morgan Stanley & Co. initiated coverage on the stock after seeing its potential to benefit from India's consumption growth. The brokerage initiated coverage with 'overweight' rating and a price target of Rs 1,700, implying an upside of 31%.



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