Phoenix Mills Rises As Company Acquires Gangetic Hotels

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Shares in Phoenix Mills rose after the company said that it had acquired a 19.38 percent equity stake in Gangetic Hotels.

    The stock was last trading at Rs 333 on the Bombay Stock Exchange, and was up nearly 2 per cent in trade.

    Phoenix Mills Rises As Company Acquires Gangetic Hotels
    Real estate stocks have seen some traction following the RBI's decision to cut interest rates by 0.50 per cent.
     

    Analysts believe that a drop in interest rates could benefit the sector. The real estate sector has been seeing some pressure recently as volumes continue to drop. A steep escalation in prices over the last few years, has dissuaded home buyers.

    GoodReturns.in

    Read more about: phoenix mills bse
    Story first published: Wednesday, October 7, 2015, 10:42 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more