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.
Investment for all seasons: A good actively managed fund
The brutal correction – some hot mid- and small-cap stocks are down nearly 50% from their peaks – has rattled many investors, especially new investors
February 11, 2025