Phoenix Mills Upgraded to Buy with ₹1,996 Target Price: Geojit Sees Strong Growth Visibility
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TL;DR
Geojit upgraded Phoenix Mills to 'Buy' with a ₹1,996 target, citing strong project pipeline, Q2FY26 performance, and capital allocation. Resilient retail, high occupancy, and sales growth support the outlook.
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Phoenix MillsGeojitTarget PriceRetail GrowthStock Upgrade
Geojit has upgraded Phoenix Mills to "Buy" from "Hold" with a revised target price of ₹1,996, citing a strong project pipeline, robust Q2FY26 performance, and disciplined capital allocation. The brokerage highlighted Phoenix Mills' resilient retail consumption, improving occupancy, and strong residential sales. Geojit expects normalised performance in Pune and Bengaluru malls by March 2026, with over 90% trading occupancy.
