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.
ETMarkets Smart Talk: India’s structural growth story backed by the 3Ds—democracy, demand, and demography
Amidst global volatility, Amit Jain of Ashika Global Family Office Services remains bullish on Indian equities, citing democracy, demand, and demography as key strengths. He
May 28, 2025