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    HomeNewsBusinessStocksBuy Phoenix Mills; target of Rs 792: Motilal Oswal

    Buy Phoenix Mills; target of Rs 792: Motilal Oswal

    Motilal Oswal is bullish on Phoenix Mills recommended buy rating on the stock with a target price of Rs 792 in its research report dated June 30, 2020.

    Broker Research
    July 02, 2020 / 16:46 IST
       
       
      26 Aug, 2025 12:21
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      Motilal Oswal 's research report on Phoenix Mills

      The near-term uncertainty in PHNX's business, especially retail malls (one of the worst hit businesses due to COVID-19), remains a challenge. However, in the medium-to-long term, PHNX still remains one of the best proxy plays on India's consumption story. Reiterate Buy on account of favorable risk-reward.

      Outlook

      We value PHNX's retail assets using DCF-based NAV approach, assuming cap rate of 9.5% and discount rate of 13.5%. Maintain Buy with an SOTP-based TP of INR792/share.

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      Broker Research
      first published: Jul 2, 2020 04:46 pm

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