WAYS2CAPITAL STOCK TIPS : Phoenix Mills Rises 5% On Better Q4 Show

Shares of Phoenix Mills rose 5 percent intraday Thursday after company reported robust set of numbers for the quarter ended March 2019.

The company’s profit after tax (PAT) has increased by 147 percent at Rs 228.4 crore, revenue from operations was up 66 percent at Rs 723.3 crore and EBITDA was up 74 percent at Rs 377.1 crore, YoY, as per company press release.

The board of directors of the company considered and recommended a final dividend at 150 percent per share i.e. Rs 3 per equity share of face value of Rs 2 each for the financial year 2018-19.

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