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Phoenix Mills zooms on getting nod to incorporate wholly owned subsidiary Phoenix Mills is currently trading at Rs. 1464.50, up by 65.70 points or 4.70% from its previous closing of Rs. 1398.80 on the BSE. The scrip opened at Rs. 1410.00 and has touched a high and low of Rs. 1482.40 and Rs. 1403.60 respectively. So far 12808 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2068.15 on 18-Jul-2024 and a 52 week low of Rs. 1,071.93 on 21-Dec-2023. Last one week high and low of the scrip s...
Phoenix Mills zooms on getting nod to incorporate wholly owned subsidiary
Phoenix Mills zooms on getting nod to incorporate wholly owned subsidiary
Source: Accord Fintech
2024-11-18 04:10:21 pm
Neutral Phoenix Mills Ltd For Target Rs.1,652 By Motilal Oswal Financial Services Ltd Ramp-up of new assets drives growth in portfolio Revenue/EBITDA in line; marginal miss on PAT * Phoenix Mills (PHNX) posted 2QFY25 revenue of INR9.2b, up 5% YoY (in line). EBITDA stood at INR5.2b, up 2% YoY (6% below est.) as margin contracted 143bp YoY. PAT declined by 14% YoY to INR2.2b (12% below est.), with a margin of ~24%. * For 1HFY25, PHNX generated OCF (post-interest) of INR8.1b (down 8% YoY) and incurred INR13.8b on capex. It also received INR2.7b from JV partners, and henc...
Neutral Phoenix Mills Ltd For Target Rs.1,652 By Motilal Oswal Financial Services Ltd
Neutral Phoenix Mills Ltd For Target Rs.1,652 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-08 03:34:06 pm
M&M rises on inaugurating two state-of-the-art development test facilities Mahindra & Mahindra is currently trading at Rs. 2796.45, up by 5.95 points or 0.21% from its previous closing of Rs. 2790.50 on the BSE. The scrip opened at Rs. 2785.00 and has touched a high and low of Rs. 2821.40 and Rs. 2774.45 respectively. So far 11378 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3221.10 on 27-Sep-2024 and a 52 week low of Rs. 1450.55 on 01-Nov-2023. Last one week high and low of the...
M&M rises on inaugurating two state-of-the-art development test facilities
M&M rises on inaugurating two state-of-the-art development test facilities
Source: Accord Fintech
2024-10-24 12:34:50 pm
Phoenix Mills shines as its arm declared as highest bidder for two prime city-centric plots in Mohali, Punjab The Phoenix Mills is currently trading at Rs. 1806.50, up by 43.55 points or 2.47% from its previous closing of Rs. 1762.95 on the BSE. The scrip opened at Rs. 1815.05 and has touched a high and low of Rs. 1878.15 and Rs. 1787.65 respectively. So far 6044 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2068.15 on 18-Jul-2024 and a 52 week low of Rs. 862.50 on 26-Oct-2023. Last one week high and low of the scrip ...
Phoenix Mills shines as its arm declared as highest bidder for two prime city-centric plots in Mohali, Punjab
Phoenix Mills shines as its arm declared as highest bidder for two prime city-centric plots in Mohali, Punjab
Source: Accord Fintech
2024-09-20 09:48:45 am
Phoenix Mills rises as its arm completes acquisition of six entities Phoenix Mills is currently trading at Rs.3280.00, up by 9.45 points or 0.29% from its previous closing of Rs. 3270.55 on the BSE. The scrip opened at Rs. 3280.00 and has touched a high and low of Rs. 3326.35 and Rs. 3254.10 respectively. So far 2997 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4136.30 on 18-Jul-2024 and a 52 week low of Rs. 1654.50 on 10-Aug-2023. Last one week high and low of the scrip stood...
Phoenix Mills rises as its arm completes acquisition of six entities
Phoenix Mills rises as its arm completes acquisition of six entities
Source: Accord Fintech
2024-08-08 11:16:17 am
Neutral Phoenix Mills Ltd. For Target Rs.3,220 By Motilal Oswal Financial Services Strong growth aided by opening of new malls Beat on revenue led by the residential segment; EBITDA/PAT in line * Phoenix Mills (PHNX) reported revenue of INR13.1b, up 79%/32% YoY/ QoQ, which was 20% ahead of our estimate due to a higher contribution from the residential segment as Tower 7 of its project in One Bangalore West received OC. During FY24, its revenue jumped 51% YoY to INR39.7b. * However, on account of a higher residential mix, the EBITDA margin contracted 11pp to 48%. A...
Neutral Phoenix Mills Ltd. For Target Rs.3,220 By Motilal Oswal Financial Services
Neutral Phoenix Mills Ltd. For Target Rs.3,220 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-01 02:31:23 pm
Neutral Phoenix Mills Ltd. For Traget Rs.3,220 By Motilal Oswal Financial Services New malls to drive higher-than-historical growth * During the 10-year period from FY14 to FY24, PHNX’s retail portfolio reported a 12% CAGR in consumption, aided by ~8% like-for-like growth in existing malls and the launch of new malls in Lucknow, Indore, and Ahmedabad. Moreover, the company’s retail rental income also witnessed 12% CAGR over the same period, aligning closely with the growth in consumption. * We expect the healthy growth momentum to continue at least for a ...
Neutral Phoenix Mills Ltd. For Traget Rs.3,220 By Motilal Oswal Financial Services
Neutral Phoenix Mills Ltd. For Traget Rs.3,220 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-18 01:44:53 pm
Neutral Phoenix Mills Ltd. For Traget Rs.3,220 By Motilal Oswal Financial Services Quality growth franchise priced to perfection New malls to drive higher-than-historical growth * During the 10-year period from FY14 to FY24, PHNX’s retail portfolio reported a 12% CAGR in consumption, aided by ~8% like-for-like growth in existing malls and the launch of new malls in Lucknow, Indore, and Ahmedabad. Moreover, the company’s retail rental income also witnessed 12% CAGR over the same period, aligning closely with the growth in consumption. * We expect the hea...
Neutral Phoenix Mills Ltd. For Traget Rs.3,220 By Motilal Oswal Financial Services
Neutral Phoenix Mills Ltd. For Traget Rs.3,220 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-15 12:42:05 pm
Accumulate The Phoenix Mills Ltd.for Target Rs.3,310 by Elara Capital Retail behemoth on a roll Retail development – Trailblazer trajectory The Phoenix Mills (PHNX IN), in a trailblazer trajectory, has evolved to an established retail-led mixed-use developer in India with 13 operational malls across eight cities, from a single retail destination in early 2000s. Not surprisingly, it is the preferred choice to feature prime domestic and global brands. Also, consumption at PHNX's malls saw a CAGR of 13% to INR 113bn through FY20-24, showcasing stea...
Accumulate The Phoenix Mills Ltd.for Target Rs.3,310 by Elara Capital
Accumulate The Phoenix Mills Ltd.for Target Rs.3,310 by Elara Capital
Source: Elara Capital
2024-06-05 04:25:27 pm
MSCI India index rebalancing could see inclusion of 18 stocks with inflow of $2.7 bn MSCI India Standard Index rebalancing announcement scheduled on May 14 is expected to see one of the largest inclusions of 18 stocks with inflows of $2.7 billion. JM Financial Institutional Securities said the price cut-off date for the rebalancing is any of the last 10 business days in the month of April. “Based on the current price, we expect the following inclusions and exclusions. However, the list is subject to change, depending on the stock price prevailing during the cut-of...
MSCI India index rebalancing could see inclusion of 18 stocks with inflow of $2.7 bn
MSCI India index rebalancing could see inclusion of 18 stocks with inflow of $2.7 bn
Source: IANS
2024-04-09 12:33:35 pm
Phoenix Mills rises as its arm gets nod to acquire land parcel in Thane The Phoenix Mills is currently trading at Rs. 2097.05, up by 7.85 points or 0.38% from its previous closing of Rs. 2089.20 on the BSE. The scrip opened at Rs. 2106.05 and has touched a high and low of Rs. 2123.45 and Rs. 2050.00 respectively. So far 5004 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2,123.45 on 09-Nov-2023 and a 52 week low of Rs. 1186.45 on 16-Mar-2023. Last one week high and low of the scrip...
Phoenix Mills rises as its arm gets nod to acquire land parcel in Thane
Phoenix Mills rises as its arm gets nod to acquire land parcel in Thane
Source: Accord Fintech
2023-11-09 12:05:50 pm
Phoenix Mills surges on reporting 20% growth in total consumption in Q2FY24 The Phoenix Mills is currently trading at Rs. 1851.65, up by 53.10 points or 2.95% from its previous closing of Rs. 1798.55 on the BSE.The scrip opened at Rs. 1845.95 and has touched a high and low of Rs. 1869.05 and Rs. 1820.85 respectively. So far 6926 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1907.20 on 21-Sep-2023 and a 52 week low of Rs. 1186.45 on 16-Mar-2023.Last one week high and low of the scrip stood at Rs. 1869.0...
Phoenix Mills surges on reporting 20% growth in total consumption in Q2FY24
Phoenix Mills surges on reporting 20% growth in total consumption in Q2FY24
Source: Accord Fintech
2023-10-10 12:21:59 pm