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.
These 11 Nifty microcap stocks can rally 55-210% in the next 12 months
Several stocks from the Nifty Microcap 250 index are expected to deliver strong returns over the next year, according to analyst estimates compiled by Trendlyne.