Phoenix Mills is currently trading at Rs. 642.05, up by 3.15 points or 0.49% from its previous closing of Rs. 638.90 on the BSE.
The scrip opened at Rs. 642.05 and has touched a high and low of Rs. 642.05 and Rs. 642.05 respectively. So far 162220 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 725.00 on 28-May-2018 and a 52 week low of Rs. 455.90 on 25-Sep-2017.
Last one week high and low of the scrip stood at Rs. 661.70 and Rs. 631.30 respectively. The current market cap of the company is Rs. 9787.40 crore.
The promoters holding in the company stood at 62.81%, while Institutions and Non-Institutions held 31.86% and 5.33% respectively.
Phoenix Mills (PML) has formed a 50:50 Joint Venture (JV) with Ahmedabad-based BSafal group to acquire a 5.16-acre land located on Sarkhej - Gandhinagar (SG) Highway in Thaltej, Ahmedabad.
The company will invest approximately Rs 2.30 billion for its 50% stake in the JV. The JV will develop a premium retail destination spread over approximately 0.6 million square feet. This retail development will be operated and managed by PML.
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.
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