Phoenix Mills Ltd. News and Updates

Name: Latest research reports of Phoenix Mills Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Phoenix Mills Ltd.
Rating: 5
Author: ICICI Securities Limited

Keep track of all breaking news on Phoenix Mills Ltd. from all sources in a single place.

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Phoenix Mills Ltd.

30 May 2021

1574.70

1.63%

The Phoenix Mills

Buy: Phoenix Mills Ltd.

ICICI Securities Limited

PML rental income in Q4FY21 at | 216.6 crore was at ~97% of Q4FY20 and up 23% QoQ. FY21 rentals at | 563 crore was ~55% of FY20. Additionally, retail collections witnessed sharp improvement (up 42% QoQ) at | 370 crore during Q4FY21. Currently, consumption, footfall remained impacted by lockdowns led closure and PML expects to resume discussions with retailers close to reopening. However, it remains confident that recovery could be much quicker post reopening. We conservatively bake in rentals at | 868 crore (~15% lower than FY20 levels on a like-to-like basis), given the likely...

Phoenix Mills Ltd. is trading below all available SMAs

Phoenix Mills Ltd.

29 May 2021

1574.70

1.63%

Phoenix Mills, CPP Investment to form JV to develop retail centre

Business Line

Target completion date is set for second half of 2024

Phoenix Mills Ltd. has an average target of 1683.50 from 2 brokers.

Phoenix Mills, CPP Investments form JV for Kolkata mall; invest Rs 800 cr

Business Standard | 29 May 2021 1 more

Phoenix Mills Ltd.

17 Feb 2021

1574.70

1.63%

Buy Phoenix Mills; target of Rs 982: HDFC Securities

Moneycontrol

HDFC Securities is bullish on Phoenix Mills has recommended buy rating on the stock with a target price of Rs 982 in its research report dated February 15, 2021.

Phoenix Mills Ltd. has an average target of 1683.50 from 2 brokers.

Phoenix Mills Ltd.

15 Feb 2021

1574.70

1.63%

Buy Phoenix Mills; target of Rs 950: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Phoenix Mills has recommended buy rating on the stock with a target price of Rs 950 in its research report dated February 14, 2021.

Phoenix Mills Ltd. is trading below all available SMAs

Phoenix Mills Ltd.

14 Feb 2021

1574.70

1.63%

Retail consumption picking up; outlook positive

Buy: Phoenix Mills Ltd.

Motilal Oswal

Retail continues to witness a demand recovery, while the same for the Office segment largely remains steady with the recently completed office space seeing increased leasing activity. The Hospitality segment is likely to remain subdued in the short term. PHNX remains one of the best proxy plays on India's consumption story in the medium-to-long term. Reiterate Buy....

Phoenix Mills Ltd. has an average target of 1683.50 from 2 brokers.

Phoenix Mills Ltd.

14 Feb 2021

1574.70

1.63%

The Phoenix Mills

Buy: Phoenix Mills Ltd.

Target

ICICI Securities Limited

PML rental income in Q3FY21 at | 176.1 crore (~67% of Q3FY20) was higher than H1FY21 rental (at ~| 170.5 crore at ~33% of H1FY20). Additionally, retail collections saw a sharp improvement to | 260 crore, | 390 crore in Q3FY21, 9MFY21, respectively. This was largely driven by overall consumption improvement. Going forward, the management expects consumption to reach 85-90% by FY21-end and fully normalised levels (along with contractual escalations) in FY22E. We expect ~45% decline on like to like basis in rental revenues (ex-CAM charges) in FY21 vs. earlier...

Phoenix Mills Ltd. has an average target of 1683.50 from 2 brokers.

Phoenix Mills Ltd.

07 Dec 2020, 04:46PM

1574.70

1.63%

Buy Phoenix Mills; target of Rs 795: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Phoenix Mills recommended buy rating on the stock with a target price of Rs 795 in its research report dated December 02, 2020.

Number of FII/FPI investors increased from 808 to 821 in Mar 2025 qtr.

Phoenix Mills Ltd.

02 Dec 2020

1574.70

1.63%

Will exploit future acquisitions with Singapore-based GIC: Phoenix Mills MD

Business Standard

Shishir Shrivastava, MD of Phoenix Mills, talks about about the rationale behind the new venture with Singapore-based GIC.

Phoenix Mills Ltd. is trading below all available SMAs

Phoenix Mills shares surge 10% on agreement with Singapore wealth fund; CLSA retains buy

Moneycontrol | 02 Dec 2020

Phoenix Mills Ltd.

02 Dec 2020

1574.70

1.63%

Phoenix Mills signs term sheet with GIC for mixed-use retail platform

Business Standard

The assets include Phoeix Mills' Mumbai (Kurla), Pune malls and Mumbai (Kurla) offices having a total leasable area of 3.36 million sq ft

Number of FII/FPI investors increased from 808 to 821 in Mar 2025 qtr.

Phoenix Mills Ltd.

02 Dec 2020

1574.70

1.63%

The Phoenix Mills

Buy: Phoenix Mills Ltd.

Target

ICICI Securities Limited

The proceeds from the proposed transaction are intended to be utilised as growth capital for further expansion and acquisition of greenfield, brownfield, operational and/or distressed mall opportunities. Since it is a mix of primary infusion and secondary...

Number of FII/FPI investors increased from 808 to 821 in Mar 2025 qtr.

Is Phoenix Mills Ltd. worth buying?

99 Votes:

Buy 84.85%

Sell 10.1%

Hold 5.05%

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