Promoters held 65.48 per cent stake in the company as of 31-Dec-2022, while FIIs owned 22.21 per cent, DIIs 9.41 per cent.

Prestige Estates Projects, incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 16128.67 Crore) operating in Real Estate sector.

Prestige Estates Projects, incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 16407.27 Crore) operating in Real Estate sector.

Prestige Estates Projects, incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 16407.27 Crore) operating in Real Estate sector.

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 February 21, 2023.

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.

Jefferies believes that Prestige's excellent execution track record, including in different geographies, should help the company overcome challenges as it enters a new asset creation cycle.

HDFC Securities is bullish on Prestige Estates has recommended buy rating on the stock with a target price of Rs 630 in its research report dated February 15, 2023.

YES Securities is bullish on Prestige Estates Projects has recommended buy rating on the stock with a target price of Rs 617 in its research report dated February 15, 2023.

Prestige Estates Projects, incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 17072.70 Crore) operating in Real Estate sector.

Prestige Estates Projects, incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 17072.70 Crore) operating in Real Estate sector.

The company's consolidated revenue from operations in the nine months ending December 31, 2022 was Rs 5,683.2 crore. Its sales guidance for FY23 is of Rs 12,000 crore

Prestige Estates Projects (PEPL) continued strong pre-sales by achieving over Rs25bn in Q3FY23 and collected Rs23bn while launched 4.06msf across segments and geographies.

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.

Real estate companies have month after month posted strong growth in bookings despite rise in repo rates. It will be interesting to see if the latest rate hike will derail that trend.

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.

The brokerage reiterate its BUY rating with a TP of INR675 and rate it as its top pick in real estate sector for CY23.

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 January 02, 2022.

Prestige Estates Projects Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 18814.44 Crore) operating in Real Estate sector.

Kotak Institutional Equities initiated coverage on LIC with a buy rating and a target price of Rs 1000 which translates into an upside of over 40% from Rs 709 recorded on 2 January 2023.

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.

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.

The foreign brokerage firm is bullish on DLF, Prestige and Sobha, which are focused on NCR and Bengaluru residential markets

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.

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 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.

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.

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.

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 residential cycle has turned positive. Market fundamentals continue to be anchored around high affordability and market share continues to gravitate towards listed developers.

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.

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.

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.

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.

Nexus Malls operates 17 shopping centers across 13 Indian cities and has about 10 million square feet of retail space, its website shows.

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.