Phoenix Mills share price: Buy Phoenix Mills, target price Rs 1364: HDFC Securities

Securities has buy call on Phoenix Mills with a target price of Rs 1364. The current market price of is Rs 1263. Time period given by analyst is one year when . price can reach defined target.

Phoenix Mills Ltd., incorporated in the year 1905, is a Mid Cap company (having a market cap of Rs 22505.05 Crore) operating in Real Estate sector.

Phoenix Mills Ltd. key Products/Revenue Segments include License Fees, Service Charges and Sale of services for the year ending 31-Mar-2021.

financials

For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 519.82 Crore, up 16.29 % from last quarter Total Income of Rs 447.01 Crore and up 19.38 % from last year same quarter Total Income of Rs 435.43 Crore. Company reported net profit after tax of Rs 117.34 Crore in latest quarter.

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Promoters/FII Holdings
Promoters held 47.33 per cent stake in the company as of 31-Mar-2022, while FIIs owned 30.69 per cent, DIIs 17.45 per cent.

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