1:1 Bonus Issue Ahead: Real Estate Stock Phoenix Mills Falls By 3.5% This Week After Q1; Buy-On-Dips?

The Phoenix Mills share price witnessed a bearish trading week that ended on August 2nd, falling by more than 3.5% on BSE. This comes after the company's earnings announcement for Q1FY25.

However, among the positives is that Phoenix Mills is set to reward investors with bonus issue in the ratio of 1:1, meaning, the number of shareholding in this stock will double soon. The consensus of analysts recommendation is BUY on the stock.

Phoenix Mills Bonus Issue:

As per the regulatory filing, Phoenix Mills announced the issuance of Bonus Shares in the ratio of 1:1 i.e. 1 (One) Equity Share of face value of Rs. 2/- each for every 1 (One) existing Equity Share of face value of Rs. 2/- each held by the Shareholders of the Company as on Record Date, subject to the approval of the members and other statutory/regulatory approvals, consents, permissions, conditions, and sanctions, as may be necessary.