Latest news with #PrestigeEstatesProjectsLimited
Business Upturn
22-07-2025
- Business
- Business Upturn
Prestige Estates acquires remaining 40% in Apex Realty Ventures to make it a wholly-owned subsidiary
By Aditya Bhagchandani Published on July 22, 2025, 15:19 IST Prestige Estates Projects Limited announced on July 22, 2025, that it has acquired the remaining 40% partnership interest in Apex Realty Ventures LLP, making the firm its wholly-owned subsidiary. The acquisition was completed through Prestige and its wholly-owned subsidiary by paying a cash consideration and settling the retiring partner's capital balance of ₹0.4 crore. According to the company's filing under Regulation 30 of SEBI (LODR) Regulations, Apex Realty Ventures is a Bengaluru-based real estate development firm incorporated on March 28, 2019. The LLP reported a turnover of ₹724.08 crore for the financial year ending March 31, 2025, compared to ₹1,007.82 crore in FY24 and ₹0.81 crore in FY23. Prior to this transaction, Prestige Estates already held a 60% partnership stake in the entity. Post-acquisition, the company now holds 100% — directly and indirectly — consolidating its control over Apex Realty. The company stated that this move was driven by business reasons and the objective of consolidating its stake. The acquisition was completed on July 22, 2025, and does not involve any related-party transactions or require regulatory approvals. This step strengthens Prestige Estates' position in the real estate and construction space and is aligned with its strategy of consolidating and expanding its portfolio of development projects. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Insider
29-06-2025
- Business
- Business Insider
Motilal Oswal Reaffirms Their Buy Rating on Prestige Estates Projects Limited (PRESTIGE)
Motilal Oswal analyst Abhishek Lodhiya maintained a Buy rating on Prestige Estates Projects Limited (PRESTIGE – Research Report) on June 26 and set a price target of INR2,000.00. The company's shares closed yesterday at INR1,665.40. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Currently, the analyst consensus on Prestige Estates Projects Limited is a Moderate Buy with an average price target of INR1,825.00, representing a 9.58% upside. In a report released yesterday, Ambit Holdings also maintained a Buy rating on the stock with a INR1,850.00 price target. The company has a one-year high of INR1,971.00 and a one-year low of INR1,048.30. Currently, Prestige Estates Projects Limited has an average volume of 26.93K.
Business Insider
28-06-2025
- Business
- Business Insider
Ambit Holdings Reaffirms Their Buy Rating on Prestige Estates Projects Limited (PRESTIGE)
Ambit Holdings analyst Karan Khanna maintained a Buy rating on Prestige Estates Projects Limited (PRESTIGE – Research Report) yesterday and set a price target of INR1,850.00. The company's shares closed yesterday at INR1,665.40. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Prestige Estates Projects Limited with a INR1,825.00 average price target. Based on Prestige Estates Projects Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of INR16.55 billion and a net profit of INR177 million. In comparison, last year the company earned a revenue of INR17.96 billion and had a net profit of INR1.16 billion
Business Upturn
23-06-2025
- Business
- Business Upturn
Nitco secures additional Rs 45 crore tile order from Prestige Estates, total deal value reaches Rs 261 crore
By Aman Shukla Published on June 23, 2025, 09:02 IST Nitco Ltd has announced a fresh development in its ongoing business collaboration with Prestige Estates Projects Limited. Building on earlier orders worth ₹216 crore, Nitco has now received a Letter of Intent (LoI) for an additional tile order valued at approximately ₹45 crore. This brings the total value of orders from Prestige to around ₹261 crore. The entire order, which covers the supply of Tiles, Marble, and Mosaic products, is expected to be executed over the next 12 months. The agreement underscores the strong demand for Nitco's premium offerings and affirms the company's execution capabilities in large-scale supply contracts. This continued partnership with Prestige Estates—a reputed name in the Indian real estate sector—highlights the trust developers place in Nitco's quality and service standards. The latest order is purely domestic and falls outside the scope of related party transactions. With this development, Nitco further strengthens its foothold in the institutional supply segment, signaling a positive trajectory in its order book and overall growth momentum for FY2025-26. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Insider
02-06-2025
- 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
