Phoenix Mills Faces Continued Decline Amid Broader Market Fluctuations

Phoenix Mills, a prominent player in the realty sector, has experienced a notable decline of 3.16% on July 2, 2025. This downturn marks a continuation of a challenging trend, as the stock has underperformed the sector by 1.63% and has seen a consecutive fall over the past five days, resulting in a total drop of 7.23% during this period.
Intraday trading revealed a low of Rs 1498, reflecting a decrease of 3.29%. Currently, Phoenix Mills is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its performance metrics.

In the broader market context, the Sensex opened positively but has since fallen by 269.16 points, trading at 83,521.56, a decrease of 0.21%. Despite this, the Sensex remains close to its 52-week high, trading above its 50-day moving average, which is positioned above the 200-day moving average.

Over various time frames, Phoenix Mills has shown significant underperformance compared to the Sensex, with year-to-date losses of 8.10% against the Sensex's gains of 6.89%. However, the stock has demonstrated substantial growth over the longer term, with a remarkable increase of 705.04% over the past decade.