Phoenix Mills Ltd. News and Updates

Name: Latest research reports of Phoenix Mills Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Phoenix Mills Ltd.
Rating: 3
Author: Motilal Oswal

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

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Phoenix Mills Ltd.

13 Sep 2023

1499.00

0.27%

Delivering growth through expansion

Neutral: Phoenix Mills Ltd.

Motilal Oswal

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

Phoenix Mills Ltd.

08 Sep 2023

1499.00

0.27%

Phoenix Mills shares up on new project in Pune

Business Line

The shares were up by 1.62 per cent to 1841 at 2.31 pm on the BSE

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

Phoenix Mills Ltd.

07 Sep 2023

1499.00

0.27%

Phoenix Mills' outlook improves as urban consumption revives

livemint

Subsiding monsoon, long weekends and upcoming festival season are seen as near-term drivers for urban consumption at malls.

Phoenix Mills Ltd. is trading below all available SMAs

Phoenix Mills Ltd.

07 Sep 2023

1499.00

0.27%

PHOENIX MILL

Hold: Phoenix Mills Ltd.

Target

Geojit BNP Paribas

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

Phoenix Mills Ltd.

07 Sep 2023

1499.00

0.27%

Pressing the growth pedal

Accumulate: Phoenix Mills Ltd.

Target

ICICI Securities Limited

The Phoenix Mills (PHNX) has clocked a CAGR of 14% in consumption and 13% in retail rental across its mall portfolio over the last decade (FY13-23). Further, LTL consumption base for FY23 across the company’s operational malls was 19% higher than FY20 levels. With the company’s Wakad, Pune having opened in Sep’23 and Hebbal, Bengaluru also expected to open shortly and Indore/Ahmedabad malls having opened in FY23, the focus now shifts to growth from new assets.

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

Phoenix Mills Ltd.

14 Aug 2023

1499.00

0.27%

Buy Phoenix Mills; target of Rs 2000 : HDFC Securities

Moneycontrol

HDFC Securities is bullish on Phoenix Mills has recommended buy rating on the stock with a target price of Rs 2000 in its research report dated August 09, 2023.

Phoenix Mills Ltd. is trading below all available SMAs

Buy Phoenix Mills; target of Rs 1845: Motilal Oswal

Moneycontrol | 14 Aug 2023

Phoenix Mills Ltd.

10 Aug 2023

1499.00

0.27%

All eyes on festive season

Accumulate: Phoenix Mills Ltd.

Recommendation

ICICI Securities Limited

The Phoenix Mills (PHNX) clocked Q1FY24 (Apr-Jun’23) like-to-like (LTL) consumption across malls at 109% of Q1FY23 (Apr-Jun’22) levels. Adjusted for store closures in Lifestyle Block of Palladium, Mumbai LTL consumption would have stood at 110% of Q1FY23 levels. As per company, while consumption growth in Jul’23 slowed to 6% owing to monsoon impact in Mumbai, with an expected ramp up in traded occupancies by 3-5% by Q3FY24, LTL growth should trend higher in the festive season and possibly enable the company to achieve double digit LTL consumption growth.