India's Phoenix Mills gains after Q1 retail consumption jump

The Phoenix Mills

09/07/2026 06:34

** Shares of Phoenix Mills PHOE.NS rise 2.2% to 2,066 rupees vs nearly 2% rise in Nifty Realty .NIFTYREAL 
** Real estate developer says Q1 retail consumption rose 32% YoY across its operational portfolio
** ICICI Direct Research says co likely to witness healthy double-digit rental income growth YoY during Q1 on strong consumption growth
** Stock rated as "Buy" on average by 19 analysts; median PT is 2,000 rupees - LSEG-compiled data
** YTD, stock up nearly 11% vs 1.6% rise in .NIFTYREAL
($1 = 95.3850 Indian rupees)

(Reporting by Payel Das in Bengaluru)
((Payel.das@thomsonreuters.com))