Why Phoenix Mills investors are in wait-and-watch mode
As the company aggressively pursues completion of new retail assets and expansion of its commercial portfolio, it expects to incur capex of around ₹2,500 crore each in FY24 and FY25.
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As the company aggressively pursues completion of new retail assets and expansion of its commercial portfolio, it expects to incur capex of around ₹2,500 crore each in FY24 and FY25.
On a like-to-like basis, Phoenix Mills' consumption in Q3FY24 grew by 4 percent over Q3FY23.
Foreign institutional investors (FIIs) sold shares worth Rs 990.90 crore, while domestic institutional investors (DIIs) purchased Rs 104.23 crore worth of stocks on January 9, provisional data from the NSE showed.
Jindal Stainless, KPIT Tech, Prestige Estate Projects, Mazgaon Dock and RVNL are also among the probable inclusions
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