The Phoenix Mills Limited
PHOENIXLTD.NS
₹1928.40
▲ 0.49%
Phoenix Mills ticked up a modest 0.49% today, a quiet move that belies a fairly eventful quarter for the mall and hospitality operator. Retail consumption across its properties jumped 32% year-on-year to Rs 4,727 crore, office occupancy climbed to 72% from 70% in March, and its hotel assets posted strong RevPAR growth — up 15% at St Regis Mumbai and 23% at Courtyard Agra. The company is also in the process of buying out CPP Investments' stake in Island Star Mall Developers, which would raise its holding in that unit, while brokerages have turned more constructive: JPMorgan reiterated an Overweight call with a Rs 2,000 target and Macquarie initiated coverage with an Outperform rating and a Rs 2,100 target. Longer-term returns have been strong too, with a 36.64% five-year CAGR, and the broader analyst pool of 22 has an average target of Rs 2,111.41 against a "buy" consensus.
CAGR Performance
| 1 Year | 2 Years | 5 Years | 10 Years |
|---|---|---|---|
| 23.12% | 3.70% | 36.59% | 25.70% |
Analyst Consensus
Average Target Price: ₹2111.41 (range ₹1700.00 - ₹2495.00) based on 22 analysts
Strong Buy: 8
Buy: 11
Hold: 0
Sell: 0
Strong Sell: 3
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