Earnings Update: The company reported a 2.2% year-on-year increase in net profit, with PAT rising to Rs 320 crore in Q1 FY26, compared to Rs 313 crore in the same quarter last year. Revenue from operations also saw a 5% growth, coming in at Rs 953 crore, up from Rs 904 crore reported in Q1 FY25.
Strategic Acquisition
The Phoenix Mills (PML) will acquire the 49% stake held by Canada Pension Plan Investment Board (CPP Investments) in their joint venture, Island Star Mall Developers Pvt Ltd (ISMDPL), for over Rs 5,449 crore. The total consideration payable to CPP Investments will be paid over 36 months in four tranches. With this transaction, Phoenix Mills’ ownership in ISMDPL will increase from 51% to 100% making it a wholly owned subsidiary of the company, according to ET reports.
Stock Performance & Technical Outlook:
The stock has traded within a 52-week range of Rs 1,340 to Rs 1,965. Over the past three years, it has delivered an impressive return of approximately 147%. However, its one-year performance has remained flat, suggesting a phase of consolidation or a breather following its strong multi-year rally.
The Relative Strength Index (RSI-14), a momentum indicator that measures the speed and change of price movements, is currently at 36.0 for Phoenix Mills. While it’s not yet in the oversold zone (typically defined as below 30), it is approaching that level, which suggests the stock is experiencing short-term selling pressure or weakness in momentum.Also read: M&B Engineering IPO price band at Rs 366-385, issue to open on July 30
Additionally, the stock is trading below 5 out of its 8 key Simple Moving Averages (SMAs), ranging from the 30-day to the 200-day averages. Moving averages help identify the overall trend of a stock, and trading below most of them typically signals a bearish outlook in the medium term. This indicates that the stock may continue to face downward pressure unless there is a positive shift in fundamentals or market sentiment.
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