Phoenix Mills Ltd News

Consumption momentum, new assets support Phoenix Mills' stock gains

Strong consumption growth, improving occupancies and a healthy pipeline of new assets are supporting Phoenix Mills' stock, prompting brokerages to upgrade earnings estimates

Here's why Geojit has upgraded Phoenix Mills to Buy from Hold; check target

Geojit has upgraded its rating on the stock to 'Buy' from 'Hold', with a revised target price of ₹1,996, based on 5.4x FY27E adjusted book value per share (BVPS

"Unexciting" consumption growth keeps Nomura bearish on Phoenix Mills

The brokerage gave a target of ₹1,350 per share, implying 15.3 per cent downside from Friday's close at ₹1,595.1 per share. The brokerage also sees the stock as "expensive" given current valuations

Nifty eyes 25,500 as uptrend strengthens; check two stocks to buy today

Nifty has now surpassed the previous swing high of 25,154, resulting in higher top formation preceded by higher bottom on the daily chart.

4 reasons why Motilal Oswal upgraded Phoenix Mills to 'Buy'; target raised

On the bourses, Phoenix Mills share has gained nearly 3 per cent over the past month, although it remains 4.5 per cent lower on a year-to-date (YTD) basis.

Phoenix Mills to buy CPP's 49% stake in retail JV for ₹5,450 crore

The Phoenix Mills Ltd will buy a 49 per cent stake in its joint venture firm Island Star Mall Developers Pvt Ltd (ISMDPL) from CPP Investments for Rs 5,450 crore as part of its growth strategy. At present, The Phoenix Mills and Canada Pension Plan Investment Board (CPP Investments) hold 51 per cent and 49 per cent stake in ISMDPL, respectively. Post completion of this deal, the company's stake in ISMDPL will rise to 100 per cent from the current 51 per cent. The company develops retail-led mixed-use destinations. According to a regulatory filing on Thursday, The Phoenix Mills, CPP Investments and ISMDPL have entered into an arrangement to provide an exit to CPP Investments from this JV. The company's board has approved this agreement. "CPP Investments shall receive an aggregate cash consideration of Rs 5,449.16 crore from the company and/or ISMDPL," the filing said. The amount will be paid to CPP Investments in four tranches over a period of three years. The Phoenix Mills might

This real estate stock climbed 6% in weak market; check all details here

Phoenix Mills shares jumped 6.4 per cent in trade on Friday, logging an intra-day high at ₹1,542 per share after the company posted its Q1 results

Phoenix Mills drops 3% as Nomura initiates 'Reduce', sees 11% downside

Nomura has set a share price target of ₹1,400 on Phoenix Mills stock, implying a downside of over 11 per cent from current levels

Phoenix Mills climbs 2% in trade after releasing Q1FY26 update; Details

Phoenix Mills share price rose 2 per cent in trade after the company released its Q1FY26 business update