Prestige Estates Projects Ltd (PRESTIGE)

Prestige Estate Projects Shares Dip After Karnataka Govt. Raises Property Value - 20 Sep, 2023

Shares of Prestige Estates Projects Ltd fell by 0.62% after the Karnataka government increased the guidance value of properties.

Prestige Estates' Sales Bookings Remain Strong - 14 Sep, 2023

Despite rising net debt levels due to annual land/stake buyout spend and annuity capex, Prestige is expected to have strong sales bookings in the coming years. The stock rating has been downgraded to HOLD.

Prestige Estates Launches New Project in Bengaluru - 04 Sep, 2023

Prestige Estates Projects Ltd launched a new 5 million sq ft project in Bengaluru, causing a slight dip in the S&P BSE Realty Index.

Prestige Estates Projects to Pay Dividend of Rs 1.50 per Share - 01 Sep, 2023

Prestige Estates Projects Limited will pay a dividend of ₹1.50 per share on October 20th, with a yield of 0.2%. The stock price has risen by 31% in the last three months, and earnings per share are forecasted to rise by 15.2% over the next year. While the company has a long dividend track record, it has also had cuts in the past.

Prestige Estates Projects Among Most Bought Mid-Cap Stocks - 21 Aug, 2023

According to reports, Prestige Estates Projects was among the most bought mid-cap stocks along with The Federal Bank, Fortis Healthcare, and United Breweries.

Mutual Funds Show Highest MoM Net Buying in Prestige Estates Projects Ltd - 16 Aug, 2023

Mutual funds were net buyers in 62% of Nifty Midcap 100 stocks, with the highest MoM net buying in Jul'23 seen in Vodafone Idea, Prestige Estates, SAIL, Petronet LNG, and JSW Energy.

Real Estate Stocks Surge on BSE Index - 15 Aug, 2023

Prestige Estates Projects Ltd. is among the real estate stocks that have seen gains, with a 21.4% increase in share price according to Trendlyne data.

PEPL Reports Strong Pre-Sales Growth - 14 Aug, 2023

Prestige Estates Projects Ltd reports a 30% YoY growth in pre-sales for Q1FY24, driven by strong response to its Bengaluru project launch. Institutional investors also increase holdings in the company.

Prestige Estates Projects Trading Close to Fair Value - 11 Aug, 2023

According to a 2 Stage Free Cash Flow to Equity analysis, Prestige Estates Projects' projected fair value is ₹489. The current share price of ₹556 suggests the stock is potentially trading close to its fair value, which is 29% above our estimate.

Prestige Estate Stocks Fall Amidst Red Realty Market - 10 Aug, 2023

Prestige Estates Projects Ltd's stock fell by 5.24%, making it the top laggard among 10 realty stocks trading in the red.

Prestige Estates Reports Strong Q1 Results - 09 Aug, 2023

Prestige Estates Projects Ltd reported a strong Q1 FY24 with a 30.2% YoY increase in net profit and an EBITA rise of 14.1%. The company's revenue from operations was Rs 1,681 crore.

Prestige Estates Reports Strong Q1 Results - 08 Aug, 2023

Prestige Estates Projects Ltd's Q1 FY24 net profit increased by 30.2% YoY, while EBITDA rose 14.1%. The company's sales bookings also saw a significant increase.

Prestige Assurance Plc Approves Q2 Financial Statements and Appoints Non-Executive Director - 27 Jul, 2023

The Board of Directors of Prestige Assurance Plc has approved the unaudited financial statements for Q2 2023 and appointed Mrs. Smita Srivastava as a non-executive director.

Real Estate Stocks Surge, Prestige Estates Projects Ltd in Green - 24 Jul, 2023

Nifty Realty index surged 23% in the past year. Real estate stocks like DLF, Phoenix, Brigade Enterprises, and Prestige Estates have had a phenomenal run. On July 24, the real estate pack is trading in the green.

Prestige Estates' Net Debt Reduced by 43% - 16 Jul, 2023

Prestige Estates Projects Ltd's net debt has significantly decreased by 43%, and the average cost of debt has also fallen for FY23.

Prestige Estates Reports Strong Q1 Sales and Embarks on Expansion Plan in Mumbai - 13 Jul, 2023

Prestige Estates Projects Ltd reported strong Q1 FY24 sales of Rs 3,914 crore, up 30% YoY, and has embarked on a large expansion plan in Mumbai.

Motilal Oswal Expects 14% YoY Revenue Growth for Prestige Estates Projects Ltd - 10 Jul, 2023

Prestige Estates Projects Ltd is expected to report a 14% YoY increase in revenue, an EBITDA of ₹522 crore, and net profit growth of 29.5% YoY according to Motilal Oswal.

Prestige Estates Projects to Develop IT Parks in Chennai - 06 Jul, 2023

Prestige Estates Projects Ltd's subsidiary, Prestige Exora Business Parks, signed a joint venture agreement with WS Industries to develop IT parks in Chennai. The company's total revenue increased 32% YoY to Rs 8,772 crore in FY23.

Jefferies Picks Prestige Estates Projects Ltd as Top Pick in Property Sector - 26 Jun, 2023

Prestige Estates Projects Ltd is among Jefferies' top picks in the property sector, as per a report by the investment bank.