NSE: PHOENIXLTD | BSE: 503100

Slowing Down Stock

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1439.20 1.90 (0.13%)

26.87% Fall from 52W High

515.6K NSE+BSE Volume

NSE 12 Aug, 2025 3:31 PM (IST)

51,459.5

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.

09 Jan 2023

1439.20

0.13%

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.

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

Phoenix Mills Ltd.

19 Dec 2022

1439.20

0.13%

Another feather in the cap

Buy: Phoenix Mills Ltd.

Recommendation Target

ICICI Securities Limited

The Phoenix Mills (PHNX) has announced the completion of the Surat mall land acquisition for Rs5.1bn in partnership with Ahmedabad based Bsafal Group.

Phoenix Mills Ltd. is trading below all available SMAs

Phoenix Mills Ltd.

08 Dec 2022

1439.20

0.13%

Growth story remains on track

Accumulate: Phoenix Mills Ltd.

ICICI Securities Limited

The Phoenix Mills’ (PHNX) saw Nov’22 like-to-like (LTL) consumption across malls
at Rs6.3bn or 113% of Nov’19 levels and is lower than Oct’22 LTL consumption growth of 18% as the festivals of Dussehra and Diwali both fell in the month of Oct’22. For YTD FY23 (Apr-Nov’22).

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

Phoenix Mills Ltd.

16 Nov 2022

1439.20

0.13%

PHOENIX MILL

Sell: Phoenix Mills Ltd.

Recommendation Target

Geojit BNP Paribas

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

Phoenix Mills Ltd.

10 Nov 2022

1439.20

0.13%

Strong consumption flows through to rentals

Accumulate: Phoenix Mills Ltd.

Recommendation

ICICI Securities Limited

The Phoenix Mills’ (PHNX) saw Oct’22 like-to-like (LTL) consumption across malls at Rs8.7bn or 118% of Oct’19 levels and mirrors the Q2FY23 LTL consumption growth which was at 118% of Q2FY20 levels.

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

Phoenix Mills Ltd.

07 Oct 2022

1439.20

0.13%

Double digit consumption growth sustains in Sep’22

Buy: Phoenix Mills Ltd.

ICICI Securities Limited

The Phoenix Mills’ (PHNX) saw Sep’22 like-to-like (LTL) consumption across malls at Rs5.8bn or 115% of Sep’19 levels and mirrors the Jul’22 LTL consumption growth which was at 120% of Jul’19 levels and Aug’22 LTL consumption growth which was at 114% of Aug’19 levels.

Phoenix Mills Ltd. is trading below all available SMAs

Phoenix Mills Ltd.

06 Oct 2022

1439.20

0.13%

Strong consumption revival, robust balance sheet

Buy: Phoenix Mills Ltd.

Target

ICICI Securities Limited

The Phoenix Mills’ (PHNX) FY21 and FY22 operations were impacted by mall shutdowns across India owing to successive Covid waves.

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

Phoenix Mills Ltd.

08 Sep 2022

1439.20

0.13%

Strong consumption growth sustains in Aug’22

Buy: Phoenix Mills Ltd.

ICICI Securities Limited

The Phoenix Mills (PHNX) saw Aug’22 like-to-like (LTL) consumption across malls at Rs6.7bn or 114% of Aug’19 levels.

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

Phoenix Mills Ltd.

15 Aug 2022

1439.20

0.13%

Strong consumption flows through to rentals

Buy: Phoenix Mills Ltd.

Target

ICICI Securities Limited

The Phoenix Mills (PHNX) saw Q1FY23 (Apr-Jun’22) like-to-like (LTL) consumption
across malls at Rs19.8bn or 111% of Apr-Jun’19 (Q1FY20) levels which translated
into Q1FY23 retail LTL EBITDA of Rs2.9bn or 115% of Q1FY20 levels.