Goldman Sachs maintained a neutral rating on Cummins India, whereas Credit Suisse maintained an outperform rating on the company. CLSA has a buy rating on Phoenix Mills, and Morgan Stanley maintained an overweight rating on Page Industries with concerns over the company’s weaker Q4 performance. While Cummins India’s prospects are tied to internal combustion engines, Phoenix Mills is seen as a strong play on discretionary consumption demand, and Page Industries expects margin recovery to lead to revenue growth.
Govt prioritising lower denomination notes and digital transactions: Sitharaman
Union Finance Minister Nirmala Sitharaman emphasized the government’s focus on promoting lower denomination currency and increasing digital transaction awareness. With the Rs 2000 note nearly
May 31, 2025