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PRESTIGE
401234567896012345678900123456789.0012345678900123456789
+2.65 (+0.58%)
Previous Close: 457.35
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#NIFTYREALTY : Macroeconomic View🏡 • The global and domestic macroeconomic circumstances have shifted dramatically in the last six months. • The geopolitical issue of Russia-Ukraine, oil price shocks, supply chain disruptions, rising commodity prices, food inflation, and other factors required Central Banks to take early action to tame the inflation monster. • India faces numerous supply-side issues, and rising inflation is harmful to GDP development. Monetary policy instruments are one strategy to addressing the problem. • During an unplanned off-cycle Reserve Bank of India (RBI) meeting, RBI announced 40 basis point increases in repo rates and a 50 basis point increase in the cash reserve ratio (CRR). Though the timing of the announcement was unexpected, it was a long-awaited move. • RBI highlighted that monetary policy will remain supportive while focused on minimising inflation spikes and re-anchoring inflation expectations in order to maintain demand.. • However, developers experienced margin challenges as commodity prices, construction materials, and labour expenses rose. Most developers did not pass on the higher cost to purchasers. • Because the sector was still attempting to get back on its feet following the pandemic shock, developers had little or no increase in property prices, which was the key reason for margin compression. • Following the current news, EMIs for consumers will climb. The sector also expects a couple more rate hikes in the coming quarters, resulting in higher EMIs and increasing pressure on homeowners. However, this will not immediately diminish demand. • In contrast, rising interest rates will result in larger returns on funds stored in fixed deposits, improving consumers' spending power • Absolute home prices rise throughout time as housing demand rises since it is a necessity rather than a luxury item. Buyers would rather buy now than face the double whammy of rising house prices and interest rates in the future. • With increasing affordability and disposable income in the hands of new-age investors, the picture for India Inc appears favourable. The real estate sector is predicted to gain traction from both the demand and supply sides, with increased government and private investment in infrastructure development. What do you think? Drop in your views! #DLF #GODREJPROP #SOBHA #PRESTIGE

Nikunj Dangayach

Buy #PRESTIGE AT 489-493 SL 483 TARGET 510. Short term swing trade

Srksagar

V Trade Point

InvestmentIdeas ✅✅Long Term Investment Picks - Part 4👇🏻👇🏻 ! #RAIN INDUSTRIES #Atul Ltd #Nocil Ltd #Prestige Ltd #Remson Industries #Power Mech Project ltd #Sasken Technological Ltd #Linde Ltd #IG Petrochemical ltd #AuroPharma Investment #Alkem Investment and More ......... Why Pharma Sector is Good now for Buying??? Best Time to Start Doing Bulk ELSS in MF !!! Check the Below Video for all 👇👇 https://www.youtube.com/watch?v=O9C0EHbh2wQ

HarmonicsTraders

BUY PRESTIGE CASH CMP 432 SL 421 TGT 453 #PRESTIGE

Srksagar

IrudayaRaj Eliyas

#PRESTIGE : I had suggested prestige estate when it was trading at 413 on my post dated 3rd Sep 2021. now its trading at 454. Congrats. [Like and share the post]

Neeraj Puri Goswami

Strong 💪 moves in real estate stocks #LODHA UP 5.5% #OBEROIRLTY UP 5% #PRESTIGE & #GODREJPROP fresh 52 week high Oberoi realty says operations have normalised post Q1 pressure, strong launch pipeline in FY22 , including launch of the Thane project

Daily Stock Insight

9amPrime

Shivansh

Buy PRESTIGE ABOVE 302, TGT 305/308, SL 299.... #PRESTIGE

Money Masterji

*Max Financial Services Q4FY21 (Consolidated, QoQ)* Revenue up 9% at Rs 9,760 crore Vs Rs 8,990 crore Net profit down 65% at Rs 62.34 Vs Rs 175.81 crore Value of New Business up 31.71% at Rs 461 crore Vs Rs 350 crore Gross Written Premium up 53.51% at Rs 7,106 crore Vs Rs 4,629 crore Total Assets Under Management up 32% at Rs 90,407 crore in FY21 *Petronet LNG Q4FY21 (Consolidated, QoQ)* Revenue up 3% at Rs 7,575.32 crore Vs Rs 7,328.23 crore Net profit down 28% at Rs 637.92 crore Vs Rs 882.05 crore Ebitda down 18% at Rs 1,091.09 crore Vs Rs 1,335.29 crore Ebitda margin at 14.4% Vs 18.2% Recommended final dividend of Rs 3.50 per share *Engineers India Q4FY21 (Consolidated, QoQ)* Revenue up 34% at Rs 1,131.90 crore Vs Rs 845.48 crore Net profit down 72% at Rs 24.92 crore Vs Rs 88.07 crore Ebitda up 1.22 times at Rs 171.01 crore Vs Rs 77.14 crore Ebitda margin at 15.1% Vs 9.1% Recommended final dividend of Re 0.60 per share *Galaxy Surfactants Q4FY21 (Consolidated, QoQ)* Revenue up 16% at Rs 783.52 crore Vs Rs 674.70 crore Net profit down 8% at Rs 78.68 crore Vs Rs 85.23 crore Ebitda down 2% at Rs 117.38 crore Vs Rs 119.47 crore Ebitda margin at 15% Vs 17.7% Recommended final dividend of Rs 4 per share *Prestige Estates Projects Q4FY21 (Consolidated, QoQ)* Revenue up 23% at Rs 2,268.10 crore Vs Rs 1,847.60 crore Net profit at Rs 1,350.50 crore Vs Rs 87.80 crore Ebitda up 23% at Rs 550.40 crore Vs Rs 447.60 crore Ebitda margin at 24.3% Vs 24.2% Appointed Amit Mor as CFO with effect from June 8 #MFSL #ENGINERSIN #PRESTIGE #GALAXYSURF #PETRONET

TradeAdda

Sridhar Balakrishnan

Stocks to watch Today Keep them in your watchlist and enter above the given breakout level #PRESTIGE buy above 299.25 #NMDC buy above 132.00 #KSCL buy above 563.15 #GRAPHITE buy above 340.45 #GAIL buy above 139.65 Watch this video for explanation with chart https://youtu.be/JuCtAFy4tnI

Daily Stock Insight

Sridhar Balakrishnan

PRESTIGE 2ND TARGET ACHV...BK UR INVESTMENT...HOLD FREE ❣ #PRESTIGE

Halal Investment

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Reputation: 27,674  •  Nov 17 5:33 AM
Buy Prestige Estates Projects; target of Rs 675: Motilal Oswal
Motilal Oswal is bullish on Prestige Estates Projects recommended buy rating on the stock with a target price of Rs 675 in its research report dated November 10, 2022.
Moneycontrol
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Reputation: 27,674  •  Nov 13 2:51 AM
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.
The Economic Times
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Reputation: 27,674  •  Oct 19 4:46 AM
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.
The Economic Times
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Reputation: 27,674  •  Oct 14 8:43 AM
Prestige Estate Q2 PAT seen up 25.5% YoY to Rs. 95.3 cr: Yes Securities
Net Sales are expected to increase by 0.5 percent Y-o-Y (down 30.3 percent Q-o-Q) to Rs. 1,351.7 crore, according to Yes Securities.
Moneycontrol
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Reputation: 27,674  •  Oct 12 12:21 PM
Buy Prestige Estates Projects, target price Rs 600: HDFC Securities
Prestige Estates Projects Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 17399.40 Crore) operating in Real Estate sector.
The Economic Times
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Reputation: 27,674  •  Oct 12 4:11 AM
Buy Prestige Estates Projects, target price Rs 600: HDFC Securities
Prestige Estates Projects Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 17399.40 Crore) operating in Real Estate sector.
The Economic Times
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Reputation: 27,674  •  Sep 29 5:46 AM
Hot stocks: Brokerages maintain ‘overweight’ rating on DLF, Prestige Estates; KIMS, Torrent Pharma get ‘buy’
The residential cycle has turned positive. Market fundamentals continue to be anchored around high affordability and market share continues to gravitate towards listed developers.
The Economic Times
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Reputation: 27,674  •  Sep 19 1:43 AM
Buy Prestige Estates Projects; target of Rs 611: Geojit
Geojit is bullish on Prestige Estates Projects has recommended buy rating on the stock with a target price of Rs 611 in its research report dated September 14, 2022.
Moneycontrol
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Reputation: 27,674  •  Sep 15 5:16 AM
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.
The Economic Times
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Reputation: 27,674  •  Sep 15 3:31 AM
Buy Prestige Estates Projects, target price Rs 611: Geojit
Prestige Estates Projects Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 19722.39 Crore) operating in Real Estate sector.
The Economic Times
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Reputation: 27,674  •  Sep 7 7:06 AM
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.
The Economic Times
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Reputation: 27,674  •  Aug 26 1:56 AM
Blackstone to raise $500 million through REIT IPO of Nexus Malls
Nexus Malls operates 17 shopping centers across 13 Indian cities and has about 10 million square feet of retail space, its website shows.
The Economic Times
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Reputation: 27,674  •  Aug 14 8:16 AM
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.
The Economic Times
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Reputation: 27,674  •  Aug 11 2:26 AM
Prestige Estates registers sales of Rs 3012 crore, up 310% YoY
The sales are attributed to 3.63 mn sqft of volume with an average realization of Rs 8309 cr per sqft. Prestige Group sold a total of 2564 units in the quarter, which amounts to 28 units sold per day.
The Economic Times
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Reputation: 27,674  •  Aug 10 5:28 AM
Prestige Group plans to complete 14 mn sq ft of development in FY22-23; to foray into Noida
In the coming years, the company intends to deliver five to six new launches with 8-10 mn sq feet of development in Bengaluru.
Moneycontrol
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Reputation: 27,674  •  Jul 19 5:31 AM
Morgan Stanley on realty stocks & Credit Suisse on telecom sector
Morgan Stanley remained overweight on Prestige Estates Projects with a target price of Rs 612, hinting towards a 38 per cent upside in the counter. "The company continues to expand and monetize its residential and rental portfolios. June quarter operations were underlined by continued momentum in pre-sales and new launches," it said.
The Economic Times
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Reputation: 27,674  •  Jul 19 4:11 AM
Buy Prestige Estates Projects, target price Rs 600: HDFC Securities
Prestige Estates Projects Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 17688.02 Crore) operating in Real Estate sector.
The Economic Times
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Reputation: 27,674  •  Jul 18 9:51 AM
Q1FY23 review: Prestige Estates records 300% jump in sales
The company reported collections of Rs 2164 crore during Q1 FY23. The sales have come from 3.63 mn sqft volume with an average realization of Rs 8298 per sqft. During the quarter, Prestige Estates launched four projects spanning 9.67 mn sft, across Bangalore and Mumbai.
The Economic Times
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Reputation: 2,107  •  Jul 8 1:59 AM

CARORPATI DOUBAL POWER JACKPOT POSITIONAL BUY PRESTIGE ABOVE 430 TGT 460 490 520 555+++ SL 370 CBSL
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Reputation: 27,674  •  Jul 7 5:47 AM
Buy Prestige Estates Projects, target price Rs 595: BNP Paribas
Prestige Estates Projects Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 16637.76 Crore) operating in Real Estate sector.
The Economic Times
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Reputation: 27,674  •  Jun 29 10:26 AM
Stock market update: Nifty Realty index advances 0.22%
The Nifty Realty index closed 0.22 per cent up at 389.95.
The Economic Times
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Reputation: 27,674  •  Jun 29 5:01 AM
Stock market update: Nifty Realty index falls 0.28% in a weak market
The Nifty Realty index was trading 0.28 per cent down at 388.0.
The Economic Times
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Reputation: 27,674  •  Jun 28 10:36 AM
Stock market update: Nifty Realty index advances 0.67%
The Nifty Realty index closed 0.67 per cent up at 389.1.
The Economic Times
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Reputation: 27,674  •  Jun 28 4:56 AM
Stock market update: Nifty Realty index falls 1.02% in a weak market
The Nifty Realty index was trading 1.02 per cent down at 382.55.
The Economic Times
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Reputation: 27,674  •  Jun 28 11:51 AM
Realty stocks riding high, but investors need to be selective
The BSE Realty index is down 31% from its 52-week high of 4,464.31 of November 9, 2021 as against the Sensex's decline of 12% in this period. The Sensex is down 14.6% from its 52-week high of 62,245.53 hit on October 19, 2021. Analysts said investors might be tempted to pick up beaten-down stocks in the sector but with liquidity tightening, fewer shares might outperform going ahead.
The Economic Times
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Reputation: 27,674  •  Jun 27 10:11 AM
Stock market update: Nifty Realty index advances 0.86%
The Nifty Realty index closed 0.86 per cent up at 386.5.
The Economic Times
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Reputation: 27,674  •  Jun 24 10:06 AM
Stock market update: Nifty Realty index advances 0.27%
The Nifty Realty index closed 0.27 per cent up at 383.2.
The Economic Times
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Reputation: 27,674  •  Jun 24 4:46 AM
Stock market update: Nifty Realty index advances 0.43% in an upbeat market
The Nifty Realty index was trading 0.43 per cent up at 383.8.
The Economic Times
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Reputation: 27,674  •  Jun 22 10:11 AM
Stock market update: Nifty Realty index falls 2.19%
The Nifty Realty index closed 2.19 per cent down at 375.9.
The Economic Times
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Reputation: 27,674  •  Jun 22 4:01 AM
Stock market update: Nifty Realty index falls 1.21% in a weak market
The Nifty Realty index was trading 1.21 per cent down at 379.65.
The Economic Times
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Reputation: 27,674  •  Jun 21 11:01 AM
Stock market update: Nifty Realty index advances 3.65%
The Nifty Realty index closed 3.65 per cent up at 384.3.
The Economic Times
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Reputation: 27,674  •  Jun 20 10:31 AM
Stock market update: Nifty Realty index falls 1.83%
The Nifty Realty index closed 1.83 per cent down at 370.75.
The Economic Times
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Reputation: 27,674  •  Jun 20 4:56 AM
Stock market update: Nifty Realty index falls 1.69% in an upbeat market
The Nifty Realty index was trading 1.69 per cent down at 371.25.
The Economic Times
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Reputation: 27,674  •  Jun 17 10:21 AM
Stock market update: Nifty Realty index falls 0.01%
The Nifty Realty index closed 0.01 per cent down at 377.65.
The Economic Times
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Reputation: 27,674  •  Jun 17 4:51 AM
Stock market update: Nifty Realty index falls 1.06% in a weak market
The Nifty Realty index was trading 1.06 per cent down at 373.7.
The Economic Times
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Reputation: 27,674  •  Jun 16 3:41 AM
Stock market update: Nifty Realty index advances 0.36% in an upbeat market
The Nifty Realty index was trading 0.36 per cent up at 390.0.
The Economic Times
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Reputation: 27,674  •  Jun 15 10:36 AM
Stock market update: Nifty Realty index falls 0.61%
The Nifty Realty index closed 0.61 per cent down at 388.6.
The Economic Times
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Reputation: 27,674  •  Jun 15 4:31 AM
Stock market update: Nifty Realty index falls 0.38% in a weak market
The Nifty Realty index was trading 0.38 per cent down at 389.5.
The Economic Times
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Reputation: 27,674  •  Jun 14 10:31 AM
Stock market update: Nifty Realty index advances 0.81%
The Nifty Realty index closed 0.81 per cent up at 391.0.
The Economic Times
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Reputation: 27,674  •  Jun 14 4:51 AM
Stock market update: Nifty Realty index advances 1.83% in an upbeat market
The Nifty Realty index was trading 1.83 per cent up at 394.95.
The Economic Times
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Reputation: 27,674  •  Jun 13 10:31 AM
Stock market update: Nifty Realty index falls 3.15%
The Nifty Realty index closed 3.15 per cent down at 387.85.
The Economic Times
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Reputation: 27,674  •  Jun 13 4:36 AM
Stock market update: Nifty Realty index falls 2.68% in a weak market
The Nifty Realty index was trading 2.68 per cent down at 389.7.
The Economic Times
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Reputation: 27,674  •  Jun 9 12:16 PM
A blessing in disguise: Will the real estate sector see a recovery amid rate hikes?
After analyzing the takeaways from the post earning conferences, interactions with developers and Q4 numbers, brokerage firm Elara Capital expects healthy momentum likely to continue."Industry continues to witness a structural positive shift in housing demand, with fundamental demand drivers in place," it said.
The Economic Times
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Reputation: 27,674  •  Jun 9 10:56 AM
Stock market update: Nifty Realty index advances 0.26%
The Nifty Realty index closed 0.26 per cent up at 405.3.
The Economic Times
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Nikunj Dangayach-display-image
Reputation: 3,478  •  Jun 4 12:01 PM

#NIFTYREALTY : Macroeconomic View🏡

• The global and domestic macroeconomic circumstances have shifted dramatically in the last six months.
• The geopolitical issue of Russia-Ukraine, oil price shocks, supply chain disruptions, rising commodity prices, food inflation, and other......read more
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Reputation: 27,674  •  Jun 4 6:46 AM
Realtors take concrete steps to go green
Developers like DLF, Godrej Properties, Prestige Estates, Macrotech and Sobha are taking initiatives to reduce energy and water consumption. Mahindra Lifespace Developers recently announced its commitment to constructing only net-zero buildings from 2030.
The Economic Times
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