Motilal Oswal Upgrades Phoenix Mills, Citing Expansion

Motilal Oswal, a financial company, has upgraded Phoenix Mills to a 'Buy' rating.

They've raised their target price, anticipating a potential 35% increase in the stock value.

This is due to Phoenix Mills expanding its malls and office spaces.

The company's retail rental income has shown consistent growth, and Motilal Oswal expects this trend to continue.

Phoenix Mills is also acquiring assets which will benefit the company.

They are planning to launch new malls and increase office spaces to increase their income.

The company is also looking at staggered payments over three years to help with financial stability.