Phoenix Mills rose 2.04% to Rs 228 at 11:53 IST on BSE after net profit rose 10.6% to Rs 36.53 crore on 6.4% growth in net sales to Rs 70.72 crore in Q2 September 2013 over Q2 September 2012.
The Q2 result was announced after market hours on Tuesday, 29 October 2013.
Meanwhile, the S&P BSE Sensex was up 58.88 points or 0.28% at 20,987.89.
On BSE, 869 shares were traded in the counter as against average daily volume of 3,858 shares in the past one quarter.
The stock hit a high of Rs 229.70 and a low of Rs 225.10 so far during the day. The stock had hit a 52-week high of Rs 293 on 20 May 2013. The stock had hit a 52-week low of Rs 185 on 3 September 2013.
The stock had underperformed the market over the past one month till 29 October 2013, sliding 5.74% compared with the Sensex's 6.09% rise. The scrip had also underperformed the market in past one quarter, declining 4.57% as against Sensex's 6.82% rise.
The mid-cap company has equity capital of Rs 28.97 crore. Face value per share is Rs 2.
Phoenix Mills' operations span most aspects of real estate development from planning, execution and marketing of projects, to management, maintenance and sales of the completed development.
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