Phoenix Mills Experiences Short-Term Recovery Amid Broader Market Surge

May 12 2025 02:05 PM IST
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Phoenix Mills experienced a notable uptick on May 12, 2025, after two days of declines, while still underperforming its sector. The stock is above its 5-day moving average but below longer-term averages. In the broader market, the Sensex rose significantly, nearing its 52-week high.
Phoenix Mills has shown notable activity today, gaining 3.35% on May 12, 2025, following two days of consecutive declines. The stock opened with a gap up of 3.32%, reaching an intraday high of Rs 1,529.65. Despite this uptick, Phoenix Mills underperformed its sector, which saw a gain of 5.71%.

In terms of moving averages, the stock is currently above its 5-day moving average but remains below the 20-day, 50-day, 100-day, and 200-day moving averages, indicating mixed short-term momentum.

In the broader market context, the Sensex experienced a significant rise, opening 1,349.33 points higher and climbing to 82,141.59, marking a 3.38% increase. The index is now just 4.67% away from its 52-week high. While Phoenix Mills has had a challenging week, with a 1.52% decline compared to the Sensex's 1.68% gain, its long-term performance remains strong, with a remarkable 754.29% increase over the past decade.
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