Latest news with #PrestigeEstatesProjectsLimited
Business Insider
3 days ago
- Business
- Business Insider
Morgan Stanley Remains a Buy on Prestige Estates Projects Limited (PRESTIGE)
Morgan Stanley analyst Praveen Choudhary maintained a Buy rating on Prestige Estates Projects Limited (PRESTIGE – Research Report) on May 30 and set a price target of INR1,700.00. The company's shares closed last Friday at INR1,484.00. Confident Investing Starts Here: According to TipRanks, Choudhary is a 3-star analyst with an average return of 1.8% and a 49.15% success rate. Choudhary covers the Consumer Cyclical sector, focusing on stocks such as Melco Resorts & Entertainment, Galaxy Entertainment Group, and Wynn Macau. Currently, the analyst consensus on Prestige Estates Projects Limited is a Moderate Buy with an average price target of INR1,825.00, implying a 22.98% upside from current levels. In a report released on May 31, Jefferies also maintained a Buy rating on the stock with a INR1,700.00 price target. Based on Prestige Estates Projects Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR20.25 billion and a net profit of INR2.33 billion. In comparison, last year the company earned a revenue of INR16.81 billion and had a net profit of INR2.67 billion
Business Insider
5 days ago
- Business
- Business Insider
Prestige Estates Projects Limited (PRESTIGE) Gets a Buy from UBS
In a report released yesterday, Aditya Chandrasekar from UBS maintained a Buy rating on Prestige Estates Projects Limited (PRESTIGE – Research Report), with a price target of INR1,725.00. The company's shares closed yesterday at INR1,466.60. Confident Investing Starts Here: According to TipRanks, Chandrasekar is a 2-star analyst with an average return of 22.5% and a 100.00% success rate. Chandrasekar covers the Real Estate sector, focusing on stocks such as Prestige Estates Projects Limited, DLF Limited, and Oberoi Realty Limited. Currently, the analyst consensus on Prestige Estates Projects Limited is a Moderate Buy with an average price target of INR1,825.00, representing a 24.44% upside. In a report released today, Jefferies also maintained a Buy rating on the stock with a INR1,700.00 price target. Based on Prestige Estates Projects Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR20.25 billion and a net profit of INR2.33 billion. In comparison, last year the company earned a revenue of INR16.81 billion and had a net profit of INR2.67 billion
Business Insider
5 days ago
- Business
- Business Insider
Jefferies Sticks to Their Buy Rating for Prestige Estates Projects Limited (PRESTIGE)
Jefferies analyst Abhinav Sinha CFA maintained a Buy rating on Prestige Estates Projects Limited (PRESTIGE – Research Report) today and set a price target of INR1,700.00. The company's shares closed yesterday at INR1,466.60. Confident Investing Starts Here: According to TipRanks, Sinha CFA is a 2-star analyst with an average return of 3.6% and an 81.82% success rate. Sinha CFA covers the Real Estate sector, focusing on stocks such as Godrej Properties Limited, Macrotech Developers Ltd., and Mindspace Business Parks REIT. Prestige Estates Projects Limited has an analyst consensus of Moderate Buy, with a price target consensus of INR1,825.00, which is a 24.44% upside from current levels. In a report released yesterday, CLSA also maintained a Buy rating on the stock with a INR2,380.00 price target.
Business Upturn
29-04-2025
- Business
- Business Upturn
Prestige Group enters NCR market with ₹9,000 crore residential project ‘The Prestige City – Indirapuram'
Prestige Estates Projects Limited has made its official debut in the National Capital Region (NCR) residential market with the launch of its flagship project, 'The Prestige City – Indirapuram'. The company announced that it has received all necessary approvals from the Real Estate Regulatory Authority (RERA) and has launched the first phase of the project, comprising Oakwood and Mulberry. These two phases collectively represent a Gross Development Value (GDV) of over ₹9,000 crore, positioning the project among the most significant real estate debuts in NCR's history. Advertisement Spread across 62.5 acres in Indirapuram Extension along National Highway 24, the township offers 3,421 premium homes across 19 towers, with unit sizes ranging from 1,681 sq. ft. to 6,026 sq. ft. The project features a mix of 2 BHK, 3 BHK, 3 BHK + Home Office, and 4 BHK + Home Office residences, world-class amenities, two grand clubhouses spanning 100,000 sq. ft., and an integrated Forum Mall covering 1.18 million sq. ft. of retail and entertainment space. Mr. Irfan Razack, Chairman and Managing Director of Prestige Group, remarked, 'Today marks a monumental chapter for Prestige Group. The Prestige City – Indirapuram embodies the scale, ambition, and integrated lifestyle that Prestige stands for. It is only the beginning — we are committed to expanding our footprint in NCR with many more landmark developments.' The company also confirmed that when the second phase, 'Mayflower,' is launched, the total GDV of the residential development is expected to reach a staggering ₹12,000 crore. Prestige Group is known for delivering over 300 projects across residential, commercial, retail, hospitality, and mixed-use developments over the past three decades, setting industry benchmarks for quality and innovation.
