India's Phoenix Mills PHOE.NS rises 1.9% for the fourth session; Q1 residential sales jump 236% to 1.68 bln rupees, collections up 65% to 990 mln, mall retail sales grow 12% Y/Y despite a 3% YTD decline.

• Phoenix Mills stock gains 1.9% for a fourth consecutive session on strong Q1 sales and collections.
• Q1 gross residential sales surge 236% to 1.68 bln rupees, collections up 65% to 990 mln rupees.
• Q1 mall retail sales grew 12% Y/Y, but stock is still down 3% year to date.