BOM:503100

Nomura Adjusts The Phoenix Mills' Price Target to INR1,700 From INR1,550, Keeps at Neutral

Jefferies Adjusts The Phoenix Mills' Price Target to INR2,085 from INR2,000, Keeps at Buy

The Phoenix Mills' Consolidated Profit Jumps in Fiscal Q4

The Phoenix Mills (NSE:PHOENIXLTD, BOM:503100) witnessed an increase in its consolidated attributable profit to 4.03 billion Indian rupees in the fiscal fourth quarter ended March 31, against 2.69 billion rupees a year ago.Earnings per share climbed to 11.28 rupees compared with a year-ago figure of 7.52 rupees, according to a Monday filing to the Indian stock exchanges by the commercial real estate developer.Revenue from operations in fiscal Q4 also grew to 12.3 billion rupees from 10.2 billion rupees a year earlier.Shares of the company fell over 2% in recent trade.