Phoenix Mills Gets 'Buy' Upgrade From Motilal Oswal, Sees 35% Potential Upside - Check Target Price

1 week ago 4

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Commissioning of new malls to drive growth beyond FY27, says Motilal Oswal hence hikes target price.

02 Sep 2025, 08:39 AM IST i

02 Sep 2025, 08:39 AM IST

02 Sep 2025, 08:39 AM IST

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With the acquisition of 22.1 acres in Coimbatore and Chandigarh Mohali in FY25, Phoenix Mills is set to more than double its portfolio by FY30. (Photo Source: Unsplash)

The recently commissioned Phoenix Palassio (Lucknow), Phoenix Citadel (Indore), Mall of Millennium, and Palladium Ahmedabad achieved average trading occupancy of 94% within 6-8 quarters of operation. The company aims to sustain this success with its existing malls and replicate it in the upcoming malls in Gujarat and Kolkata.

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