PHOENIXLTD

Jan 30 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• DEC-QUARTER CONSOL NET PROFIT 2.65 BILLION RUPEES

• DEC-QUARTER CONSOL INCOME FROM OPERATIONS 9.75 BILLION RUPEES

Source text: ID:nBSE2y8Tz8

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** Shares of Phoenix Mills PHOE.NS rise as much as 3% to 1,678.95 rupees

** Operator of shopping malls posts 21% year-on-year rise in Q3 retail sales across its properties

** PHOE is the only stock posting gains on the 10-member Nifty Realty Index .NIFTYREAL, which is down 2.5%

** PHOE last up 1%, taking weekly gains to 5%

** Stock rose 46% in 2024 vs a 34% gain in the realty index

(Reporting by Nishit Navin)

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Jan 9 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• PHOENIX MILLS LTD - Q3 FY25 RETAIL SALES UP 21% Y/Y

Source text: ID:nNSE3k7pK

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Nov 29 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• TWO UNITS GET TOTAL TAX DEMAND FOR 199.6 MILLION RUPEES AND 77.6 MILLION RUPEES

Source text: ID:nBSEWtSfP

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Nov 15 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• UNIT GOT TOTAL TAX DEMAND ORDER FOR 32.5 MILLION RUPEES

Source text: ID:nNSE5h1nX

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** Shares of Phoenix Mills PHOE.NS drops 7.9% to 1,366 rupees, their steepest one-day pct drop in more than seven months

** PHOE bottoms the Nifty Realty Index .NIFTYREAL, which is up 0.15%

** Real estate developer's Q2 profit drops 13.7%, hurt by a 9% rise in costs; rev up 5%

** Stock set to mark fourth-straight losing day, if trend holds

** Analysts' avg rating on stock is "buy;" their median PT is 1,725 rupees - LSEG

** PHOE among nine of 10 stocks on Nifty realty index rated "buy;" Oberoi Realty OBEO.NS only "hold" rated stock

** Stock up 22% YTD, its fourth-straight year of gains, Nifty Realty Index has risen 24%

(Reporting by Aleef Jahan in Bengaluru)

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Oct 25 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• PHOENIX MILLS SEPT-QUARTER CONSOL NET PROFIT 2.18 BILLION RUPEES

• PHOENIX MILLS SEPT-QUARTER CONSOL INCOME FROM OPERATIONS 9.18 BILLION RUPEES

Source text for Eikon: ID:nBSE7mpz7x

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** Shares of Phoenix Mills Ltd PHOE.NS rise as much as 6.1% to 1,756.75 rupees

** Brokerage Nuvama remains sanguine about co's long-term growth prospects, maintains 'buy' with an unchanged TP of 1,857 rupees, an upside of 12.1% from last close

** H1FY25 consumption increased 25% YoY driven by strong performance in Phoenix Palassio, Phoenix MarketCity Mumbai, and supported by ramp-up in the newly launched malls - Nuvama

** Adds, occupancy at the St. Regis hotel stayed healthy at 85% in Q2FY25

** Entry in new cities and operationalisation of under-construction/planned assets are triggers that should play out over next few years - Nuvama

** Mean rating of 16 analysts rating the stock is 'hold'; their median PT is 1,725 rupees - LSEG data

** PHOE has gained ~53.5% YTD

(Reporting by Meenakshi Maidas in Bengaluru)

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Oct 8 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• GROSS RETAIL COLLECTIONS IN Q2 UP 27% Y/Y

Source text for Eikon: ID:nBSE1kPxNf

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** Shares of Phoenix Mills PHOE.NS rise 3% to 1,819.40 rupees

** Co's unit won bid worth 8.91 bln rupees ($106.6 mln) two land parcels classified for commercial use; intends to develop retail-led development

** PHOE among top pct gainers on Nifty Realty index .NIFTYREAL which is up 1.8%

** Stock up 8.9% this week after two straight weekly drops

** PHOE up ~61% YTD vs ~36% rise in realty index

($1 = 83.5690 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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Sept 19 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• UNIT DECLARED HIGHEST BIDDER FOR TWO CITY-CENTRIC PLOTS IN MOHALI

• CASPER DECLARED AS HIGHEST BIDDER WITH COMBINED BID VALUE OF 8.91 BILLION RUPEES

Source text for Eikon: ID:nBSEqKmBK

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Phoenix Mills Ltd PHOE.NS:

• PHOENIX MILLS - TO ISSUE BONUS SHARES IN RATIO OF 1:1

Source text for Eikon: ID:nBSE3SDqmX

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July 26 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• TO CONSIDER PROPOSAL FOR ISSUE OF BONUS SHARES

Source text for Eikon: ID:nBSE1CYpzQ

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June 27 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• PHOENIX MILLS LTD - UNIT RECEIVED SHOW CAUSE NOTICE, FROM GST AUTHORITIES

Source text for Eikon: ID:nBSE2LsfYf

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May 21 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• CPP INVESTMENT HAS COMPLETED ITS THIRD TRANCHE OF INVESTMENT IN PCREPL AGGREGATING TO 2.70 BILLION RUPEES

Source text for Eikon: ID:nBSE59lg8x

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May 17 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• DIVIDEND 5 RUPEESPER SHARE

• APPOINTMENT OF KAILASH B GUPTA AS CFO

• PHOENIX MILLS MARCH-QUARTER CONSOL NET PROFIT 3.27 BILLION RUPEES VERSUS PROFIT 2.54 BILLION RUPEES

• PHOENIX MILLS MARCH-QUARTER CONSOL INCOME FROM OPERATIONS 13.06 BILLION RUPEES VERSUS 7.29 BILLION RUPEES

Source text for Eikon: ID:nBSEbNXzZc

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Updates to reflect analyst's revised estimate in paragraph 3

By Bharath Rajeswaran

BENGALURU, May 15 (Reuters) - India's weight in MSCI's Global Standard index, which tracks emerging market stocks, has risen to another record high, boosting prospects of more inflows into its equity markets.

With this, India has further narrowed the gap with China on the index. While China's weightage in the index will fall to 25% from 25.4%, India's weight will rise to 19% from 18.2%. The changes, announced on Wednesday, will be effective May 31.

The May review will lead to about $2 billion - $2.5 billion inflows into India, Abhilash Pagaria, head of Nuvama Alternative and Quantitative Research said.

Consistent flows from domestic institutional investors and steady participation by foreign investors means that there is potential for India to surpass 20% weightage in the MSCI Global Standard index by the second half of 2024, Pagaria said.

With the May rejig, India's stock count in the MSCI Global Standard index is at 149, the highest ever for the country.

India's rising prominence in emerging markets is due to robust performance of its equities, particularly in the mid-cap segment, amid the relative underperformance by other emerging markets, especially China, analysts have said.

MSCI will add 13 Indian companies, the most among emerging markets, to the Global Standard Index from May end.

These include JSW Energy JSWE.NS, Canara Bank CNBK.NS, Indus Towers INUS.NS in the large-cap segment, and Mankind Pharma MNKI.NS, Bosch BOSH.NS, Solar Industries SLIN.NS, NHPC NHPC.NS, Torrent Power TOPO.NS, Thermax THMX.NS, Jindal Stainless JIST.NS and Sundaram Finance SNFN.NS in the mid-cap index.

Phoenix Mills PHOE.NS and PB Fintech PBFI.NS have been upgraded to the mid-cap index from small-cap by MSCI.

Berger Paints BRGR.NS will be removed from the MSCI index while Indraprastha Gas IGAS.NS and Paytm's parent One 97 Communications PAYT.NS have been downgraded to the small-cap index from the mid-cap index.

Housing Urban Development Corp HUDC.NS and Waaree Renewable Technologies WAAE.BO have been added to the small-cap index.

Separately, 29 Indian stocks have been added to the MSCI Domestic index while 15 have been moved to other categories or removed.

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala)

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April 26 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• CO, UNITS GET TAX ORDER OF TOTAL DEMAND 217.4 MILLION RUPEES

Source text for Eikon: ID:nNSE3qqSlP

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April 10 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• FY24 RETAIL CONSUMPTION UP BY 22% Y/Y

• Q4 GROSS RETAIL COLLECTIONS UP 37% Y/Y

Source text for Eikon: ID:nNSE8hWYhj

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** Shares of Phoenix Mills PHOE.NS up 2.8% to 2,783.85 rupees

** HSBC Global Research doubles PT to 3,130 rupees from 1,600; maintains 'buy' rating

** Expects stabilisation of new malls and office portfolio to drive high double-digit earnings growth over next three years

** Office leasing progress and mall ramp-ups are key catalysts for growth; risks include competition from residential developers, capital allocation, and regulatory or pandemic restrictions - brokerage

** Expansion efforts and growth expectations have led to a valuation reset, with long-term revenue growth expectations raised to 5% from 4.5% - HSBC

** Mean rating of 15 analysts is "buy", median PT is 2,555 rupees with HSBC's PT ranking as second-highest - LSEG data

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Feb 12 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• PHOENIX MILLS LTD DEC-QUARTER CONSOL NET PROFIT 2.79 BILLION RUPEES VERSUS 1.76 BILLION RUPEES

• PHOENIX MILLS LTD DEC-QUARTER CONSOL INCOME FROM OPERATIONS 9.86 BILLION RUPEES VERSUS 6.84 BILLION RUPEES

Source text for Eikon: ID:nBSE2Y8Qfn

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Jan 10 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• GROSS RETAIL COLLECTIONS STOOD AT 7 BILLION RUPEES IN Q3 FY24, UP 30% Y/Y

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Jan 5 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• GETS TAX DEMAND NOTICE FOR 3.1 MILLION RUPEES

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** Indian real estate co Phoenix Mills PHOE.NS likely to deliver higher earnings growth versus discretionary consumer companies - JM Financial

** Co's earnings growth, margin profile outshine peers, JM analysts say

** Adds, co well-placed to benefit from growth in retail industry, portfolio of brands best proxy to play across discretionary spends of an average Indian consumer

** JM Financial maintains "buy" rating, raises TP to 2,520 rupees from 2,270 rupees

** Shares rise 3% to 2,282 rupees

** PHOE on track for fourth consecutive session of gains, if trend holds

** Fifteen analysts covering the stock on average have "buy" rating; median PT is 2,209.5 rupees - LSEG data

** Stock up 64% YTD, on track for third consecutive yearly gain

(Reporting by Ashna Teresa Britto)

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Nov 30 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• UNITS MARKET CITY RESOURCES, PALLAZZIO HOTELS & LEISURE GOT SHOW CAUSE CUM DEMAND NOTICE FROM GST AUTHORITIES

• MARKET CITY RESOURCES GOT NOTICE SEEKING TAX LIABILITY WITH INTEREST, PENALTY UP TO 9.8 MILLION RUPEES

• PALLAZZIO HOTELS & LEISURE GOT NOTICE SEEKING TAX LIABILITY WITH INTEREST, PENALTY UP TO 61.6 MILLION RUPEES

Source text for Eikon: ID:nBSEbJV6zx

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** Shares of Phoenix Mills PHOE.NS rise as much as 12.2% to a record high of 2,368.1 rupees

** Stock marks steepest climb since April 26, 2021

** Stock rose 17.8% in last two sessions

** Over 175,000 shares change hands in a block deal on Wednesday at 2190.15 rupees apiece - LSEG data

** More than 1.4 mln shares traded, 5.1x its 30-day avg

** Fourteen of 15 brokerages rate the stock "buy" or higher, and one as "hold;" their median PT is 2199.5 rupees - LSEG data

** Phoenix stock up 57.8%, YTD

(Reporting by Aleef Jahan in Bengaluru)

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** Shares of Phoenix Mills PHOE.NS up as much as 3.9% at 1,870 rupees

** Real estate developer says its Q2 retail collections grew 23% YoY; total consumption up 20% YoY

** Fourteen of 15 analysts rate stock "buy" or "strong buy", while one recommends "hold"; median PT is 1,857 rupees - LSEG data

** Including day's move, stock up ~31% YTD

(Reporting by Kashish Tandon in Bengaluru)

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Oct 9 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• TOTAL CONSUMPTION IN Q2 FY24 AT 26.37 BILLION RUPEES, UP 20% Y/Y

• RETAIL COLLECTIONS AT 6.38 BILLION RUPEES IN Q2 FY24, A GROWTH OF 23% Y/Y

Source text for Eikon: ID:nBSE7ZbCjl

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Sept 28 (Reuters) - Phoenix Mills Ltd PHOE.NS:

• COMPANY GOT SHOW CAUSE CUM DEMAND NOTICE DATED SEPTEMBER 27, 2023 FROM GST AUTHORITIES

Source text for Eikon: ID:nBSE7tpSNP

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Phoenix Mills Ltd PHOE.NS:

• PHOENIX MILLS LTD- APPROVED INCORPORATION OF ORCUS LOGISTICS AND INDUSTRIAL PARKS

Source text for Eikon: ID:nBSE2QGfGz

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