India's Phoenix Mills rises as unit wins bid for commercial land

The Phoenix Mills

20/09/2024 04:57

** Shares of Phoenix Mills  PHOE.NS  rise 3% to 1,819.40
rupees
    ** Co's unit won bid worth 8.91 bln rupees ($106.6 mln) two
land parcels classified for commercial use; intends to develop
retail-led development
    ** PHOE among top pct gainers on Nifty Realty index
 .NIFTYREAL  which is up 1.8%
    ** Stock up 8.9% this week after two straight weekly drops
    ** PHOE up ~61% YTD vs ~36% rise in realty index

($1 = 83.5690 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))