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Phoenix Mills surges on receiving rating upgrades from Ind-Ra

20 Sep 2017 Evaluate

Phoenix Mills is currently trading at Rs. 493.95, up by 3.50 points or 0.71% from its previous closing of Rs. 490.45 on the BSE.

The scrip opened at Rs. 500.00 and has touched a high and low of Rs. 501.90 and Rs. 490.00 respectively. So far 2539 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 574.30 on 13-Jul-2017 and a 52 week low of Rs. 285.05 on 15-Nov-2016.

Last one week high and low of the scrip stood at Rs. 516.00 and Rs. 487.00 respectively. The current market cap of the company is Rs. 7562.29 crore.

The promoters holding in the company stood at 62.86%, while institutions and non-institutions held 32.43% and 4.72% respectively.

The Phoenix Mills (PML) has received Rating Upgrades for Long Term as well as Short Term borrowings from India Ratings and Research (Ind?Ra). The rating agency has upgraded the company’s Long Term Issuer Rating to ‘A+’ from ‘A’ indicating Stable Outlook and short Term rating too is upgraded from ‘A1’ to ‘A1+’ (the highest possible rating for Short Term) which will help the company in raising funds by the way of commercial papers at the least possible cost, any time in future. 

The Phoenix Mills (PML) is a leading retail mall developer and operator in India with approximately 6.0 million square feet of retail space spread across 8 malls in 6 gateway cities of India.  PML is the pioneer of retail?led, mixed?use developments in India and has developed over 17.5 million square feet spread across retail, hospitality, commercial, and residential asset classes. 

Phoenix Mills Share Price

1794.35 12.00 (0.67%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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