Don’t miss the latest developments in business and finance.

Phoenix Mills extends recent sharp losses

Image
Capital Market
Last Updated : Mar 16 2018 | 1:04 PM IST

Phoenix Mills lost 2.5% to Rs 605.55 at 12:46 IST on BSE, with the stock extending recent sharp losses on selling pressure.

Meanwhile, the S&P BSE Sensex was down 314.14 points or 0.93% at 33,371.40. The S&P BSE Mid-Cap index fell 0.35%, outperforming the Sensex.

On the BSE, 5,775 shares were traded on the counter so far as against the average daily volumes of 14,621 shares in the past one quarter. The stock had hit a high of Rs 631.10 and a low of Rs 600 so far during the day. The stock had hit a record high of Rs 716.50 on 6 March 2018 and a 52-week low of Rs 365.45 on 10 March 2017.

The mid-cap company has equity capital of Rs 30.62 crore. Face value per share is Rs 2.

Shares of Phoenix Mills have tumbled 13.74% in six trading sessions to its ruling price, from its closing of Rs 702 on 8 March 2018.

On a consolidated basis, Phoenix Mills' net profit rose 9.6% to Rs 69.73 crore on 4.6% decline in net sales to Rs 416.61 crore in Q3 December 2017 over Q3 December 2016.

More From This Section

The Phoenix Mills focuses on real estate development and entertainment.

Powered by Capital Market - Live News

Also Read

First Published: Mar 16 2018 | 12:47 PM IST

Next Story