Phoenix Mills surges on reporting 38% rise in Q2 net profit

25 Oct 2012

Phoenix Mills is currently trading at Rs 197.50, up by 6.15 points or 3.21% from its previous closing of Rs 191.35 on the BSE.

The scrip opened at Rs 193.75 and has touched a high and low of Rs 203.00 and Rs 193.75 respectively. So far 4933 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 222.40 on 14-Feb-2012 and a 52 week low of Rs 149.15 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs 197.75 and Rs 181.30 respectively. The current market cap of the company is Rs 2856.35 crore.

The promoters holding in the company stood at 65.93 % while Institutions and Non-Institutions held 28.04 % and 6.03 % respectively.

The Phoenix Mills has reported a surge of 38.26% in its net profit at Rs 33.03 crore for second quarter ended September 30, 2012 as compared to Rs 23.89 crore for the same quarter in the previous year. The company’s income from operation has increased by 23.40% at Rs 66.45 crore for quarter under review as compared to Rs 53.85 crore for the quarter ended September 30, 2011.

The 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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323