Phoenix Mills Limited -Multibagger 2yrs timeframe Trgt 600 Rs
- Phoenix Mills the proud Owners of Phonix Market City in 4 Cities which has now because the landmark standard for Malls in India.
- The company is run by Atul Ruai which is the MD and young and has lot of Ideas for Your and Smart Cities.
- The company has close to 214 Lakh Sqrft of land under its belt and most of them in Citites.
- History of the company goes back to 1905 when Ramnarian Ruai stated it as textile manufacturing company.
- The company got listed in 1959 and changed itself as a Relestate player in 1987.
- The company will be 1 of biggest beneficiary from the REIT where it will get 10 to 20 fold retursn for there rental assets.
- There 4 Phonex Market city in Chennai,Bangalore,Pune and Mumbai are operational and started providing good income.
- We see the Profits to double in 2 years to atleast 500 crore and stocks will be re rated in coming months.
- We expect the stock to go to 600 Rs in 2yrs time frame
