Phoenix Mills shares decline after Nomura projects 11% downside on expensive valuations

Of the 19 analysts that have coverage on Phoenix Mills, 10 have a “buy” rating, six have a “hold” rating and three have a “sell” rating.

Of the 19 analysts that have coverage on Phoenix Mills, 10 have a “buy” rating, six have a “hold” rating and three have a “sell” rating.

This marks the third initiation coverage for Schloss Bangalore in the past two days. On Tuesday, BOFA Securities began coverage with a ‘Buy’ rating and a target price of ₹520 per share, while Morgan Stanley also initiated with an ‘Overweight’…

The number of SIP accounts contributing during the month stood at 8.64 crore, higher than 8.56 crore in the previous month.

The rupee rose 21 paise to close at 85.73 against the US dollar on Tuesday (July 8).

Jefferies estimates the fair value of GAIL shares to be ₹235, in a 10% hike scenario and ₹250, in the event of a 20% hike.

In India, 24 karat gold was priced at ₹98,330 per 10 grams, while 22 karat stood at ₹90,150. The price of 18 karat gold was ₹73,760, according to data from Goodreturns.

JPMorgan called India’s electronic manufacturing services (EMS) space a “sunrise sector” and sees it continuing to deliver strong growth, estimating a 32% revenue CAGR over FY25-30.

The partnership aims to empower manufacturers to tackle the complexities of next-generation mobility by combining Tata Tech’s expertise in systems engineering, E/E architecture and mobility platform development with Emerson’s industry-leading, software-connected test and measurement solutions, the company said in an…

AMFI mutual funds June data LIVE updates: Mutual fund investors must be waiting AMFI’s June data, after May saw the sharpest dip in equity inflows in over a year.

In 2024, Prime Day sales spiked on the morning and evening of the first day and again on the evening of the second day. This year’s four-day event will spread sales over a longer period.