Buy Phoenix Mills, target Rs 366 : Kotak Securities Limited

Kotak Securities Limited has Buy call on Phoenix Mills Ltd. with a target price of Rs 366 .The current market price of Phoenix Mills Ltd. is 334 Time period given by analyst is year when Phoenix Mills Ltd. price can reach defined target. The brokerage said it remains positive on the stock as the company is likely to benefit from improved rentals in its market cities, lower inter est rates and reduction in leverage going forward. It maintains its estimates but factors in the possibility of lower discretionary spend.