Prestige Estates Projects Ltd

(PRESTIGE)

Prestige Group Expands Land Acquisitions in Bengaluru - 10 Nov, 2024

Prestige Group has acquired 17.45 acres in Bengaluru's Whitefield area for ₹462 crore, continuing its trend of significant land deals totaling over ₹5,000 crore in six quarters.

ICICI Securities Reduces Target Price for Prestige Estates - 07 Nov, 2024

ICICI Securities has downgraded Prestige Estates Projects to a 'reduce' rating with a target price of Rs 1,485, citing weak sales bookings and a significant year-on-year decline. Despite a strong market cap and ongoing project launches, the company faces challenges in achieving its FY25 sales targets.

Prestige Estates Projects Ltd Sees 3.23% Rise - 06 Nov, 2024

Prestige Estates Projects Ltd rose 3.23% to Rs 1650.5, despite a 5.03% decline over the past month. The BSE Realty index increased by 1.63%. The stock reached a record high of Rs 2072.75 on June 24, 2024, and a 52-week low of Rs 775 on November 6, 2023.

Prestige Estates Projects Ltd Experiences Decline - 05 Nov, 2024

Prestige Estates Projects Ltd fell by 1.06% to Rs 1576, marking a 9.93% decline over the past month. The BSE Realty index decreased by 0.99%, while the stock reached a record high of Rs 2072.75 on June 24, 2024, and a 52-week low of Rs 775 on November 6, 2023.

Prestige Estates Receives Positive Ratings and Target Price Increases - 04 Nov, 2024

Prestige Estates Projects has received multiple buy ratings from brokerages, with target prices ranging from Rs 1,800 to Rs 2,060, highlighting strong growth potential despite recent challenges in bookings and approvals.

Prestige Estates Faces Profit Decline Amid Revenue Growth - 30 Oct, 2024

Prestige Estates Projects reported a significant 74.23% drop in net profit for Q2 FY25, despite a 3.04% increase in revenue. The company continues to face challenges, including a deferred tax impact. However, it remains optimistic about future sales growth due to strong housing demand and a robust project pipeline.

Prestige Estates Reports Profit Drop Amid Land Acquisition - 29 Oct, 2024

Prestige Estates Projects acquired 17.45 acres in Bengaluru for residential development. However, Q2 net profit fell 77.4% due to deferred tax impacts, despite a 3% revenue increase.

Prestige Estates Expands with Land Acquisition in Bengaluru - 28 Oct, 2024

Prestige Estates has acquired 17.45 acres of land in Whitefield, Bengaluru, for Rs 462 crore, aimed at developing a housing project of 2.68 million sq ft.

Prestige Group's Strong Growth and Financial Strength - 27 Oct, 2024

Prestige Group, led by Irfan Razack, manages 56 ongoing projects and has a land bank of 728 acres. The firm holds a DA1+ rating and A+ credit rating, showcasing its operational strength.

Prestige Estates Expands Investment and Target Price Raised - 21 Oct, 2024

Prestige Estates Projects plans to invest Rs 7,000 crore in a new township in Delhi-NCR. Nuvama has raised its target price to Rs 2,175, highlighting strong housing demand and a solid launch pipeline.

Prestige Estates Announces Major Investment in Ghaziabad - 20 Oct, 2024

Prestige Estates Projects Ltd plans to invest Rs 7,000 crore to develop a township in Ghaziabad, aiming for significant sales and expansion in the Delhi-NCR real estate market.

Prestige Estates Faces Significant Sales Decline in Q2 - 18 Oct, 2024

Prestige Estates Projects Ltd reported a 43% year-on-year decline in sales for Q2 FY25, totaling ₹4,022.6 crore. The stock fell over 3% following the announcement, reflecting market concerns despite ongoing housing demand. The company aims to address challenges with upcoming project launches.