NSE: PHOENIXLTD | BSE: 503100

Slowing Down Stock

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1437.30 20.00 (1.41%)

26.97% Fall from 52W High

928.7K NSE+BSE Volume

NSE 11 Aug, 2025 3:31 PM (IST)

51,391.5

Market Cap

High in industry

1.1

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.

10 Aug 2023

1437.30

1.41%

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.

Number of FII/FPI investors decreased from 821 to 795 in Jun 2025 qtr

Phoenix Mills Ltd.

09 Aug 2023

1437.30

1.41%

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

Neutral: Phoenix Mills Ltd.

Recommendation Target

Motilal Oswal

Phoenix Mills Ltd. is trading below all available SMAs

Phoenix Mills Ltd.

07 Jul 2023

1437.30

1.41%

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

Buy: Phoenix Mills Ltd.

Target

ICICI Securities Limited

Phoenix Mills Ltd. is trading below all available SMAs

Phoenix Mills Ltd.

30 May 2023

1437.30

1.41%

PHOENIX MILL

Accumulate: Phoenix Mills Ltd.

Recommendation Target

Geojit BNP Paribas

Number of FII/FPI investors decreased from 821 to 795 in Jun 2025 qtr

Phoenix Mills Ltd.

28 May 2023

1437.30

1.41%

The Phoenix Mills

Buy: Phoenix Mills Ltd.

Target

ICICI Direct

Motilal Oswal decreased Neutral price target of Phoenix Mills Ltd. to 1646.0 on 25 Jul, 2025.

Phoenix Mills Ltd.

25 May 2023

1437.30

1.41%

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.

Number of FII/FPI investors decreased from 821 to 795 in Jun 2025 qtr

Phoenix Mills Ltd.

10 Apr 2023

1437.30

1.41%

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.

Motilal Oswal decreased Neutral price target of Phoenix Mills Ltd. to 1646.0 on 25 Jul, 2025.

Phoenix Mills Ltd.

20 Mar 2023

1437.30

1.41%

Initiating Coverage: Riding the consumption wave

Buy: Phoenix Mills Ltd.

Target

Motilal Oswal

Phoenix Mills Ltd. has an average target of 1670.50 from 2 brokers.

Phoenix Mills Ltd.

09 Feb 2023

1437.30

1.41%

The Phoenix Mills

Buy: Phoenix Mills Ltd.

Target

ICICI Direct

Number of FII/FPI investors decreased from 821 to 795 in Jun 2025 qtr

Phoenix Mills Ltd.

09 Feb 2023

1437.30

1.41%

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

Is Phoenix Mills Ltd. worth buying?

99 Votes:

Buy 84.85%

Sell 10.1%

Hold 5.05%

RESEARCH REPORTS

Neutral SEE REPORTS >

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Hold SEE REPORTS >

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