Phoenix Mills rises on opening ‘Phoenix Mall of the Millennium’ in Pune

On Friday, the shares of Phoenix Mills closed at Rs 1841.00, up by 1.57% from its previous closing of Rs 1812.60 on the BSE. 

The Phoenix Mills (PML) has opened the gates to its second mall in Pune, ‘Phoenix Mall of the Millennium’. This sprawling retail destination spread across 16 acres and encompassing over 12 lakh square feet (sq ft) of gross leasable area, is located in the key consumption centre of West Pune in Maharashtra. 

The mall has been developed by PML under its joint venture with Canada Pension Plan Investment Board (CPP Investments). PML is India’s leading destination retail mall owner and operator with an operational retail portfolio of over 1.1 crore sq ft of leasable area across 12 retail consumption hubs in 8 gateway cities of India. 

Phoenix Mills is engaged in property development in India. Its activities include planning, execution, and marketing of projects, property rental and management, and maintenance and sale of the completed properties. India’s leading retail mall developer and operator with approximately 0.64 million square meters of retail space spread across 9 malls in 6 gateway cities of India. It has developed over 2.11 million square meters. 

Today, the stock opened at Rs 1819.95 and has touched a high and low of Rs 1858.95 and Rs 1819.95 respectively.  

The BSE group ‘A’ stock of face value Rs 2 has touched a 52 week high and low of Rs 1901.20 and Rs 1186.45, respectively. 

Last one week high and low of the scrip stood at Rs 1901.20 and Rs 1791.60 respectively. The current market cap of the company is Rs 32,886.74 crore. 

The promoters holding in the company stood at 47.30%, while Institutions and Non-Institutions held 48.48% and 4.22% respectively. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.