NSE: PHOENIXLTD | BSE: 503100

Mid-range Performer

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1512.50 17.50 (1.17%)

26.88% Fall from 52W High

1.4M NSE+BSE Volume

NSE 03 Jul, 2025 3:31 PM (IST)

54,075.4

Market Cap

High in industry

1.2

Beta 1Year

High Volatility

Phoenix Mills Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for PHOENIXLTD, BSE:503100 Phoenix Mills Ltd.

Phoenix Mills Ltd.

09 Aug 2023

1512.50

1.17%

An all-round beat but near-term growth priced in

Neutral: Phoenix Mills Ltd.

Recommendation Target

Motilal Oswal

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

Phoenix Mills Ltd.

07 Jul 2023

1512.50

1.17%

Strong start to FY24, on track to achieve double digit LTL consumption growth in FY24

Buy: Phoenix Mills Ltd.

Target

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.

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

Phoenix Mills Ltd.

30 May 2023

1512.50

1.17%

PHOENIX MILL

Accumulate: Phoenix Mills Ltd.

Recommendation Target

Geojit BNP Paribas

Phoenix Mills Ltd. is trading below all available SMAs

Phoenix Mills Ltd.

28 May 2023

1512.50

1.17%

The Phoenix Mills

Buy: Phoenix Mills Ltd.

Target

ICICI Direct

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

Phoenix Mills Ltd.

25 May 2023

1512.50

1.17%

Double digit LTL consumption growth on the cards in FY24E

Buy: Phoenix Mills Ltd.

Target

ICICI Securities Limited

The Phoenix Mills (PHNX) clocked FY23 like-to-like (LTL) consumption across malls at 119% of FY20 levels while retail income growth was at 122% of FY20 levels.

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

Phoenix Mills Ltd.

10 Apr 2023

1512.50

1.17%

Strong end to FY23, all eyes on LTL growth for FY24E

Buy: Phoenix Mills Ltd.

ICICI Securities Limited

The Phoenix Mills (PHNX) clocked Mar’23 like-to-like (LTL) consumption across malls at 111% of Mar’19 levels (Mar’20 was first Covid impacted month hence not comparable). However, Mar’23 LTL consumption was at 106% of Mar’22 levels. As we have been highlighting, while the FY23 LTL consumption was expected to range between 13-14% of FY20 (pre-Covid) levels adjusted for Mar’20 mall closures, with a high base of FY23, we model for 5% LTL consumption/rental CAGR from FY24E.

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

Phoenix Mills Ltd.

20 Mar 2023

1512.50

1.17%

Initiating Coverage: Riding the consumption wave

Buy: Phoenix Mills Ltd.

Target

Motilal Oswal

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

Phoenix Mills Ltd.

09 Feb 2023

1512.50

1.17%

The Phoenix Mills

Buy: Phoenix Mills Ltd.

Target

ICICI Direct

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

Phoenix Mills Ltd.

09 Feb 2023

1512.50

1.17%

Growth story on track

Buy: Phoenix Mills Ltd.

Target

ICICI Securities Limited

The Phoenix Mills (PHNX) clocked Q3FY23 LTL consumption of Rs23.6bn which stood at 114% of Q3FY20 levels. As per the company, while there were some concerns of a possible demand slowdown in Dec’22, Jan’23 LTL consumption numbers remain strong at 109% of Jan’20 levels.

Phoenix Mills Ltd. is trading below all available SMAs

Phoenix Mills Ltd.

09 Jan 2023

1512.50

1.17%

Consumption growth remains healthy

Buy: Phoenix Mills Ltd.

ICICI Securities Limited

The Phoenix Mills (PHNX) saw Dec’22 like-to-like (LTL) consumption across malls at Rs8.2bn or 108% of Dec’19 levels. While the Dec’22 LTL growth is lower than the 15% LTL growth seen between Apr-Nov’22, we believe that a high base in Dec’19 (Black Friday sale was in Dec’19 vs. Nov’22 in FY23) has had a marginal impact.

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%

RESEARCH REPORTS

Hold SEE REPORTS >

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Neutral SEE REPORTS >

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