Buy Phoenix Mills, target price Rs 1364: HDFC Securities

HDFC Securities has buy call on Phoenix Mills with a target price of Rs 1364. The current market price of Phoenix Mills Ltd. is Rs 972. Time period given by analyst is one year when Phoenix Mills Ltd. price can reach defined target.

Phoenix Mills Ltd., incorporated in the year 1905, is a Mid Cap company (having a market cap of Rs 17291.58 Crore) operating in Real Estate sector.

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



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 447.01 Crore, up 15.44 % from last quarter Total Income of Rs 387.22 Crore and up 26.65 % from last year same quarter Total Income of Rs 352.95 Crore. Company reported net profit after tax of Rs 102.26 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 45.43 per cent stake in the company as of 31-Dec-2021, while FIIs owned 31.6 per cent, DIIs 18.61 per cent.