Hot Stocks: Brokerage view on ONGC, Oil India, Delhivery, Indigo, and Prestige Estate
Multiply the lease income by 7x in the next 5 years. Latter will entail $2 billion in capex and debt could treble in the interim. Success in the unfolding cycle could deliver strong returns, said the note.
Prestige Estates Projects surges 3% on robust revenue and profit growth in Q3
Revenue from operations in Q3 FY23 stood at Rs 2,317 crore, a significant increase from the Rs 1327.5 crore reported in the same quarter of the previous year. The net profit has also surged to Rs 127.8 crore, compared to Rs 86.6 crore a year ago.
Kotak Institutional Equities throws out 3 stocks from model portfolio
In its revised large-cap model portfolio, the brokerage firm included ABB (150 bps) and increased the weight on Bharti Airtel (80 bps). "ABB used to be in our mid-cap portfolio until six months back and the stock has largely stagnated around the same level over this period, leading to meaningful derating in multiples," the brokerage said.
Hot Stocks: Brokerages on DLF, Prestige, Equitas Small Finance and Axis Bank
Property up-cycle is now well entrenched. Listed developers appear well-prepared with deep new launch pipelines. Balance sheets have been significantly repaired which is a positive sign. Additionally, valuations are above mean levels," Morgan Stanley said.
Buy Prestige Estates Projects, target price Rs 625: JM Financial
Prestige Estates Projects key Products/Revenue Segments include Income from Sale of Commercial Flats, Shops & Plots, Property Development, Other Services, Project Management Fees, Other Operating Revenue and Sale of services for the year ending 31-Mar-2021.
Prestige Estates posts 55% jump in Sept quarter profit
Net profit for the September quarter increased to ?149 crore despite the recent inflationary escalations and interest rate hikes, the Bengalurubased company said.During the quarter, the companys net revenue increased 9. 63% from a year ago to ?1,474 crore. The companys EBIDTA margin recorded a growth of 0. 8% during the period.
Prestige Estates Q2 sales bookings rise 66 pc to Rs 3,511 cr; H1 bookings jump over 2-fold
Prestige Group, one of the leading real estate developers in the country, has a diversified business model across various segments -- residential, office, retail, hospitality, property management and warehouses, with operations in more than 12 major locations in India.
A play on Bangalore property market: Prestige Estates & Brigade can rally 25-38% in a year
The Bengaluru residential real estate market is now on the cusp of a strong demand cycle, on the back of: a) strong hiring in the IT sector and rising count of global captives, b) salary increments for IT employees, and c) best-in-class affordability.
Buy Prestige Estates Projects, target price Rs 595: JM Financial
For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 2011.80 crore, down 19.19 per cent from last quarter total income of Rs 2489.60 crore and up 36.54 per cent from last year same quarter total income of Rs 1473.40 crore.
Prestige Estates aims to sell properties worth Rs 12,000 crore this fiscal
Prestige Estates CEO Venkat Narayana said Bengaluru, the company's main market, is likely to contribute around Rs 8,500 crore in its total sales bookings this fiscal and the rest will come from other cities such as Mumbai and Hyderabad.