Traders Corners Market Update: Phoenix Mills Ltd up by 4.27% | Espresso

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Espresso Shot of the Day - The Phoenix Mills Ltd up by 4.27 percent

July 07, 2022
Espresso Shot of the Day - The Phoenix Mills Ltd up by 4.27 percent

THE PHOENIX MILLS LTD 1234.25 +50.55 (+4.27%) BSE – INE 211B01039 | 7th  July 2022

https://www.myespresso.com/images/Binge-graph-image_The-Phoenix-Mills-Ltd-202207071853371746427.jpg

The Phoenix Mills Ltd has carved a niche for itself in the Indian real estate sector, be it the mega retail malls, entertainment complexes, commercial spaces or hospitality units. Its’ operations span across most aspects of real estate development; planning, execution, marketing, management, maintenance & sales. The group has real estate assets in Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly & Ahmedabad.


Recent Drivers

  • On July 2nd 2022, CRISIL Ratings revised its outlook on the long-term bank facilities of The Phoenix Mills Ltd to ’Positive’ from ‘Stable’, while reaffirming the rating at 'CRISIL A+'.
  • On July 1, 2022 GIC realty arm further invested Rs.400 crores in subsidiaries of The Phoenix Mills Ltd (PML). GIC's Reco Zinnia Pvt Ltd and each of the PML subsidiaries have executed an additional share subscription agreement. 
  • On May 25th 2022, The Phoenix Mills Ltd reported a Quarterly Net Profit at Rs. 104.79 crores in March 2022, up 59.98% from Rs. 65.50 crores in March 2021.
  • On May 25th 2022, the Company reported a quarterly Net Sales at Rs 495.39 crores in March 2022, up 28.39% from Rs.385.84 crores in March 2021.
  • On May 25th 2022, the company declared a dividend of Rs.2.40 per share for the financial year ending on 2021.
 (Sources: BSE, Money control, Economics Times,)


Technical Force*

  • S&P BSE 500 month till date gain by 2.84
  • 3 months avg. NSE volume:2,42,126
  • Quantity traded: 34,818| Deliverable quantity: 16,668 (47.87%)
  • Stock price jumped by 50 % from a one-year low level: 793.50 (Aug 24, 2021)
  • Daily RSI (14) is near oversold territory today
  • 52-week-high: 1267.30| 52-week-low: 793.50


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1761.48

1480.72

1233.53

952.77

705.58

424.82

177.63

-

Fibonacci Pivot

1480.72

1279.04

1154.44

1074.20

952.77

831.34

751.09

626.49

424.82


Today’s Close

1234.25

SMA

BSE

10 DAY

1179.89

20 DAY

1140.10

50 DAY

1109.55

200 DAY

1022.48


Some Key Ratios (Source: BSE)

Market Cap:  22,036.98Crores

PE:  59.56

OPM%: 88.00

ROE%:  8.04

Promoters holding%: 47.33

Prev. Close:  1183.70


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

*Chart and Technical Force data from the Binge desktop app
The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.