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Phoenix Mills shares rose to 1,597 on Tuesday after Motilal Oswal upgraded the stock to a buy with a revised target price of 2,044, citing strong performance across retail, office, and hospitality segments and growth initiatives in both new and mature malls.
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Vikran Engineering, backed by marquee investors, is set to debut on the bourses after its Rs 772 crore IPO saw robust subscription across investor categories. Despite strong fundamentals, including a 32% revenue CAGR and a Rs 5,120 crore project pipeline, the grey market premium signals only modest listing gains. Analysts highlight growth visibility but flag working capital and regulatory concerns.
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Reliance Industries shares rose over 2% after two days of losses, driven by upbeat brokerage calls post-AGM and a Morgan Stanley report highlighting RIL as a key beneficiary of Chinas anti-innovation push, supporting its energy, solar, and consumer businesses with strong long-term growth prospects.
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