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.
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 February 21, 2023.
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.
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.
Buy Prestige Estates; target of Rs 630: HDFC Securities
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.
Buy Prestige Estates Projects; target of Rs 617: YES Securities
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.
Buy Prestige Estates Projects, target price Rs 620: JM Financial
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.
Prestige Estates up 6% after global brokerages retain 'buy', see up to 33% upside
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.
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.
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.
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.
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 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.
Hot Stocks: Brokerage view on Can Fin Homes, LIC and Prestige Estate Projects that could give 14-40% return
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.