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.

02 Jul 2020

1502.40

1.45%

Buy Phoenix Mills; target of Rs 792: Motilal Oswal

Moneycontrol

Motilal Oswal is bullish on Phoenix Mills recommended buy rating on the stock with a target price of Rs 792 in its research report dated June 30, 2020.

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

Phoenix Mills Ltd.

02 Jul 2020

1502.40

1.45%

After Q4FY20, investors will await Phoenix Mills' rise from the ashes post FY21

livemint

The hit in the March quarter comes from the closure of malls owing to the covid-19 lockdown starting 25 March.Some states had asked shopping malls to close operations even before the lockdown to protect people from contracting the virus

Phoenix Mills Ltd. has lost -26.29% in the last 1 Year

Phoenix Mills Ltd.

01 Jul 2020

1502.40

1.45%

The Phoenix Mills

Buy: Phoenix Mills Ltd.

Target

ICICI Securities Limited

Retail rental income impacted sharply by Covid-19 PML reported retail rental income decline of 11% YoY to | 222.7 crore mainly due to Covid-19 led lockdown and consequent lower trading density in March, 2020. Operational malls reported overall consumption decline of 15% YoY to | 1387.4 crore in Q4FY20 despite strong consumption growth of 15-16%, 8-9% in January, February, 2020 for HSP and other properties, respectively. The monitorable will be resumption of malls in Mumbai, which forms ~45%+ of retail revenue. Near term pain is imminent. We expect...

Phoenix Mills Ltd. is trading below all available SMAs

Phoenix Mills Ltd.

30 Jun 2020

1502.40

1.45%

Phoenix Mills Consolidated March 2020 Net Sales at Rs 399.24 crore, down 44.8% Y-o-Y

Moneycontrol

NULL

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

Phoenix Mills Ltd.

30 Jun 2020

1502.40

1.45%

Earnings disappoint; Near-term outlook challenging

Buy: Phoenix Mills Ltd.

Target

Motilal Oswal

30 June 2020 The near-term uncertainty in PHNXs business, especially retail malls (one of the worst hit businesses due to COVID-19), remains a challenge. However, in the medium-to-long term, PHNX still remains one of the best proxy plays on Indias consumption story. Revenue declined 45% YoY to INR3,992m (v/s est. EBITDA margin declined 100bp YoY to 51.2% (in line with est. EBITDA stood at INR2,043m (v/s est. Adj. PAT declined 75% YoY to INR467m (v/s est. Retail revenue declined 7% YoY to INR2,705m, largely impacted by COVID-19 led countrywide lockdowns in the second half of Mar20.

Phoenix Mills Ltd. is trading below all available SMAs

Phoenix Mills Ltd.

14 Apr 2020

1502.40

1.45%

Extended lockdown, slow recovery to dent Phoenix Mills' revenues

Business Standard

35% correction and long-term growth plans keep brokerages positive

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

Phoenix Mills Ltd.

31 Mar 2020

1502.40

1.45%

The Phoenix Mills

Buy: Phoenix Mills Ltd.

Target

ICICI Securities Limited

Real estate players (like all major sectors) have faced the brunt of Covid-19, which is apparent from the stocks having seen a sharp correction in the past month. Segment wise, mall developers would be the first casualty with closure of malls and invocation of Force Majeure by at least some tenants. Similarly, home buyers' demand as well as construction stoppage will impact the residential segment. On the other hand, office segment cash flows remain protected. We expect the ground level situation to remain operationally challenging for all companies in our coverage universe amid...