The rise in The Phoenix Mills share price came after the company reported a strong set of September quarter (Q2FY25) and (first half of Financial year 2025 (H1FY25) business update.
The uptick in The Phoenix Mills share price came after the company said that it unit, Casper Realty Private Limited, has been declared as the highest bidder for two prime city-centric plots in Mohali
This increase in the company's share price followed the board of directors' approval for a Bonus Equity Share issuance in the ratio of 1:1.
The fall in the share price came after the company saw its margin squeeze in the June quarter of financial year 2025 (Q1FY25).
Real-estate stock update: Realty stocks were witnessing some profit-taking on Thursday, as the BSE Realty index has rallied over 23 per cent so far in 2024.
Meanwhile, thus far in the calendar year 2024, the Nifty Realty index has surged 21 per cent, as compared to 2 per cent rise in the benchmark index.
Analysts believe the company's growth trajectory remains intact, but current valuations imply that near-term growth prospects are priced in
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Malls usually sign 9-year agreements with retailers with a rental hike of 15 per cent
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Brokerages expect double digit earnings growth over the next three years
Among the realty pack, Indiabulls Real Estate trades in a bear grip, while Brigade and Phoenix Mills may see an upside of 14 per cent.
Company's recovery and expansion after impact of Covid-19 expected to improve rentals and occupancies
Capital infusion, lower debt will help execute expansion plan
Currently, it has 6.9 million (mn) sq. ft of malls in cities such as Mumbai, Pune, and Bengaluru, among others
In a Q&A, Shishir Shrivastava says his firm should start hitting the consumption trajectory of FY20 within 30-40 days
GIC, Singapore's sovereign wealth fund and Phoenix Mills, have entered into a strategic partnership to establish an investment platform for retail‐led mixed‐use assets in India
GIC will acquire minority stake in PML's portfolio of retail‐led mixed‐use properties
Phoenix Mills Ltd and GIC have partnered to establish a $733 mn investment platform for retail-led mixed-use assets in India