Today, we are going to estimate the Phoenix Mills Share Price Target 2024 to 2050 Long Term Prediction. Phoenix Mills is listed on the NSE under the symbol “PHOENIXLTD” and on the BSE with the code “503100“. let’s analyze the future of Phoenix Mills shares as well, including whether it’s a good time to buy or sell them today.
Additionally, we will also take into analysis Phoenix Mills Share Recommendations from various brokerage firms, including Target’s High Price, Target’s Low Price and Recommendation at the end of the article.
Profile of Phoenix Mills
| Name | Phoenix Mills Ltd. |
| Industry | Real Estate |
| Founded | 1905 |
| Services/Products | Real estate development including commercial, residential, and retail properties. Specializes in large shopping malls. |
| Country | India |
| Website | The Phoenix Mills |
| Profile | Phoenix Mills |
Keep an eye on Phoenix Mills’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in Phoenix Mills’s stock price.
Brokerage Firms
An effective method for evaluating the Phoenix Mills share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms. The latest research reports are available on Phoenix Mills.
| DATE | AUTHOR | TARGET | TYPE |
|---|---|---|---|
| 14 FEB 2024 | HDFC Securities | 2956.00 | Buy |
| 10 NOV 2023 | HDFC Securities | 2280.00 | Buy |
| 13 SEP 2023 | Motilal Oswal | 1845.00 | Neutral |
| 07 SEP 2023 | ICICI Securities Limited | 1928.00 | Accum. |
| 07 SEP 2023 | Geojit BNP Paribas | 1975.00 | Hold |
| 10 AUG 2023 | HDFC Securities | 2000.00 | Buy |
The financial services firm HDFC Securities published the latest research report on Phoenix Mills’s Share Price Target, assigning a ‘BUY’ rating with a share price target of Rs. 2,956 from its current market price of Rs. 2,565 as of 13 Feb 2024.
The company reported revenue, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), and APAT (Adjusted Profit After Tax) figures of INR 9.9 billion, INR 5.5 billion, and INR 2.8 billion respectively. These numbers outperformed analyst estimates by 2%, 3%, and 3% respectively, indicating a strong operational performance.
Phoenix Mills attributes this success to several factors, including improved Average Room Rate (ARR) in its hospitality sector and a notable uptick in office leasing activities. These developments have significantly contributed to the company’s profitability.
Looking ahead, Phoenix Mills is optimistic about its future prospects, projecting a substantial growth in consumption to reach INR 115 billion, a remarkable 25% increase from the previous year. Moreover, the company is aggressively expanding its office portfolio, aiming to achieve 7.1 million square feet of leased assets by the fiscal year 2025-26, a significant jump from the current operational portfolio of 2 million square feet.
One of the key strategic moves by Phoenix Mills is the acquisition of land in Thane, where it plans to undertake residential, retail, and hospitality developments with a construction capex of INR 15 billion. Additionally, the company is actively pursuing discussions for 3-4 more land transactions to fuel its growth trajectory.
Financial highlights for Q3FY24 demonstrate Phoenix Mills’ solid performance across its retail and office segments. Total retail rental income surged to INR 4.5 billion, with EBITDA reaching INR 4.3 billion. Office income stood at INR 500 million, maintaining a stable EBITDA margin of 57%.
Despite a challenging economic environment, Phoenix Mills has managed to maintain healthy cash flows, with gross and net debt standing at INR 42.9 billion and INR 22.3 billion respectively. The company generated INR 17.2 billion and INR 4.2 billion of Cash Flow from Operations (CFO) during the third quarter and the first nine months of the fiscal year, providing ample liquidity to support its expansion plans.
Long-Term Prediction
To analyze the Phoenix Mills Share Price Target prediction, I will employ technical analysis and machine learning models, specifically focusing on chart patterns, market trends, and historical performance data.
| Phoenix Mills Share Price Target 2024 | |
| Minimum Target | Maximum Target |
| ₹2900 | ₹3200 |
| Phoenix Mills Share Price Target 2025 | |
| Minimum Target | Maximum Target |
| ₹3100 | ₹3500 |
| Phoenix Mills Share Price Target 2026 | |
| Minimum Target | Maximum Target |
| ₹3300 | ₹3800 |
| Phoenix Mills Share Price Target 2027 | |
| Minimum Target | Maximum Target |
| ₹3500 | ₹4100 |
| Phoenix Mills Share Price Target 2028 | |
| Minimum Target | Maximum Target |
| ₹3700 | ₹4400 |
| Phoenix Mills Share Price Target 2029 | |
| Minimum Target | Maximum Target |
| ₹3900 | ₹4700 |
| Phoenix Mills Share Price Target 2030 | |
| Minimum Target | Maximum Target |
| ₹4100 | ₹5000 |
| Phoenix Mills Share Price Target 2035 | |
| Minimum Target | Maximum Target |
| ₹4800 | ₹6000 |
| Phoenix Mills Share Price Target 2040 | |
| Minimum Target | Maximum Target |
| ₹5500 | ₹7000 |
| Phoenix Mills Share Price Target 2045 | |
| Minimum Target | Maximum Target |
| ₹6200 | ₹8000 |
| Phoenix Mills Share Price Target 2050 | |
| Minimum Target | Maximum Target |
| ₹7000 | ₹10000 |
Phoenix Mills a Good Buy 2024
If you’re considering investing in Phoenix Mills shares, you might be wondering, ‘Is Phoenix Mills a good buy for long-term investment?’ Let’s analyze the stock performance. By the end, you’ll have a clearer understanding of whether it’s a good time to include Phoenix Mills in your long-term investment portfolio in 2024.
Technical Indicators: The technical indicators used in the analysis, such as Moving Averages, Oscillators, and Pivots, provide a comprehensive view of the stock’s performance. Most of these indicators, including the Relative Strength Index (RSI), Stochastic %K, and Moving Averages across different time frames (10, 20, 30, 50, 100, 200 days), are signaling a ‘Buy’. This consensus suggests that the stock has strong upward momentum.
Moving Averages: A key highlight is the bullish trend indicated by all Moving Averages (Exponential and Simple) across various time frames. This consistency across short-term and long-term averages underscores the stock’s robust growth trajectory.
Oscillators: Oscillators like the Momentum indicator and MACD Level are also in the ‘Buy’ zone, reinforcing the positive outlook. However, some oscillators like the Williams Percent Range and Ultimate Oscillator are neutral, suggesting some level of caution.
Market Sentiment: The overall market sentiment around Phoenix Mills Ltd. is optimistic, as reflected in the technical analysis. This optimism is likely rooted in the company’s strong fundamentals, including its diversified portfolio in retail, commercial, hospitality, and residential sectors, and its significant presence in the Indian market.
For long-term investors, the consistent ‘Buy’ signals across various technical parameters indicate that Phoenix Mills Ltd. could be a valuable addition to a diversified investment portfolio. The company’s growth prospects, backed by its strategic developments and market position, make it a potentially lucrative long-term investment.
Phoenix Mills Ltd. is showing a positive trend with a significant increase in its stock price, indicating strong market confidence, while the technical analysis is favourable for Phoenix Mills Ltd.
Company’s Fundamentals
Analyst Recommendations
Phoenix Mills Buy or Sell
Daily Low / High
Peer Comparison of Phoenix Mills
| Name | P/E | Mar Cap Rs.Cr. |
|---|---|---|
| DLF | 88.33 | 209547.53 |
| Godrej Propert. | 95.95 | 63919.90 |
| Phoenix Mills | 48.70 | 48183.99 |
| Oberoi Realty | 29.40 | 47631.94 |
| Prestige Estates | 26.30 | 44553.78 |
| Brigade Enterpr. | 90.42 | 22564.41 |
| SignatureGlobal | – | 19025.12 |
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– As of 15 February 2024, the current share price of Phoenix Mills is ₹2,703 Check out today’s current share price of Phoenix Mills at the top.
– According to Google historical data, the price of Phoenix Mills on 27 APR 2007 was ₹327.15.
– Based on our analysis, the maximum Phoenix Mills Share Price Target in 2024 is projected to be ₹3200.
– Based on our analysis, the maximum Phoenix Mills Share Price Target in 2025 is projected to be ₹3500.
– Based on our analysis, the maximum Phoenix Mills Share Price Target in 2027 is projected to be ₹4100.
– Based on our analysis, the maximum Phoenix Mills Share Price Target in 2030 is projected to be ₹5000.
– Based on our analysis, the maximum Phoenix Mills Share Price Target in 2035 is projected to be ₹6000.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices.
Disclaimer– These Share Price Targets for “Phoenix Mills Share Price Target” are only provided for informational purposes. It does not constitute a recommendation to buy, sell, or hold Phoenix Mills stock. Investors should conduct their research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
