Phoenix Mills Upgraded to Buy with ₹1,996 Target Price: Geojit Sees Strong Growth Visibility
ByAinvest
Monday, Nov 24, 2025 11:25 pm ET1min read
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.
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