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Prestige Estates Projects Ltd (PRESTIGE)

₹1929.653.05%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Performance

  • Day's Low

    ₹1,928.3
    ₹1,929.65
  • 52 Week's Low

    52 Week's High

    ₹521.2
    ₹1,998
1 Month Return+ 25.65 %
3 Month Return+ 74.73 %
1 Year Return+ 213.2 %
Previous Close₹1,872.60
Open₹1,928.30
Volume10.26L
Upper Circuit-
Lower Circuit-
Market Cap₹75,065.35Cr

Analyst Rating

based on 17 analysts

BUY
76.47%
Buy
11.76%
Hold
11.76%
Sell

Based on 17 analysts offering long term price targets for Prestige Estates Projects Ltd. An average target of ₹1599.47

Source: S&P Global Market Intelligence

Company Information

Prestige Estates Projects Ltd, incorporated in 1986, is a leading real estate development company in India. Prestige Estates Projects Ltd is engaged in the business of developing residential, commercial, retail and hospitality projects. The company has developed some of the most iconic projects in Bangalore, Chennai, Hyderabad, Kochi, Mangalore and Mysore.

Prestige Estates Projects Ltd has developed some of the most popular projects in India, such as Prestige Tech Park, Prestige Shantiniketan, Prestige Golfshire, Prestige Lakeside Habitat, Prestige Acropolis, Prestige Finsbury Park, Prestige Silver Oak and Prestige Ozone. These projects are known for their excellent quality and design. The company also offers top-notch services such as property management, facility management and property maintenance.

Prestige Estates Projects Ltd has also developed some of the most popular brands in the real estate industry such as Prestige Group, Prestige Hotels, Prestige Constructions and Prestige Estates.

Share Price: ₹1929.65 per share as on 14 Jun, 2024 01:13 PM
Market Capitalisation: ₹75,065.35Cr as of today
Revenue: ₹2,164.00Cr as on March 2024 (Q1 24)
Net Profit: ₹235.90Cr as on March 2024 (Q1 24)
Listing date: 27 Oct, 2010
Chairperson Name: Irfan Razack
OrganisationPrestige Estates Projects Ltd
HeadquartersBangalore
IndustryRealty
E-voting on sharesClick here to vote

What's happening today

  • img

    Today's Timeline - Invalid Date

    10:56 AM

    -

    CLSA reiterates buy rating and raises target price to Rs 2,320 for Prestige Estates; stock surges over 6%.

Key events for Prestige Estates Projects Ltd

  • Prestige Estates Stock Surges on CLSA's Buy Rating - 14 Jun, 2024

    Global brokerage firm CLSA has reiterated its buy rating on Prestige Estates Projects Ltd. and raised the target price to Rs 2,320, suggesting a potential upside of over 16%. The company's valuations remain discounted compared to peers, and concerns about debt are overblown, according to CLSA. Shares surged over 6% to an all-time high of Rs 1,997 per share on June 14.

  • Prestige Estates Plans IPO for Hospitality Business - 12 Jun, 2024

    Prestige Estates Projects is planning an IPO for its hospitality business and expects to raise ₹2,000-3,000 crore, aiming for a valuation of around ₹17,000-20,000 crore. The company also plans to double its hospitality portfolio in the next few years.

  • Prestige Estates Profit Boosted by Unusual Items; Real Estate Stocks Down - 05 Jun, 2024

    Prestige Estates Projects saw a boost of Rs 8.5 billion in unusual items over the last year, potentially indicating lower underlying earnings power. Meanwhile, real estate stocks like Prestige Estates were down from their 52-week highs due to an unexpected turn in election results.

  • Global Brokerage Raises Target Price for Prestige Estates Projects - 31 May, 2024

    Prestige Estates Projects Ltd's target price has been raised to Rs 1,770 from Rs 1,400 by a global brokerage, citing strong pre-sales outlook for FY25. The stock is expected to rise nearly 15% from its last close of Rs 1,540.75 per share on the BSE. However, concerns over high gearing and low margin remain.

  • Prestige Estates Eyes Growth Amid Diversification Plan - 30 May, 2024

    Prestige Estates expects strong growth in pre-sales for FY25 with a robust launch pipeline. The company plans to diversify from core markets and expand its annuity assets. FY24 earnings beat EPS estimates but missed on revenue. Shares down 6.1% from last week.

  • Prestige Estates Reports Drop in Q4 Net Profit - 29 May, 2024

    Prestige Estates Projects reported a significant decline in Q4 FY24 net profit to Rs 140 crore due to lower income. However, the company experienced growth in both total income and net profit for FY24. The firm has lined up approximately Rs 72,000 crore worth of inventory that will come up in FY25.

  • Prestige Estates Projects Chairman Becomes Billionaire - 28 May, 2024

    Irfan Razack, the chairman and managing director of Prestige Estates Projects, has become a billionaire as shares in the company rose by 60%. The company is now India's largest listed property firm after DLF. With a focus on middle-class buyers, the company aims to quadruple its annual sales by 2019.

  • Prestige Group to Launch Project in Mumbai; Nuvama Rates Prestige Estates as Top Pick - 27 May, 2024

    Bengaluru-based Prestige Group will soon launch a luxury project in Mumbai's Worli area while Nuvama Institutional Equities rates Prestige Estates Projects as one of its top picks in the sector for organised developers.

  • Prestige Estates Projects Ltd Shares Surge 30% - 21 May, 2024

    Prestige Estates Projects Ltd shares have gained 30% in the last thirty days, with an annual gain of 236%. However, its P/E ratio of 37.7x may make it look like a sell compared to other Indian companies. Analysts predict EPS will contract by 36%, while the market is predicted to deliver 24% growth.

Insights on Prestige Estates Projects Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, PRESTIGE has outperformed top 5 stocks with highest market-cap in Real Estate Rental, Development & Operations

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 1.97K Cr → 2.27K Cr (in ₹), with an average increase of 13.3% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 11.91% to 13.49% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 3.27% to 3.49% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 116.3 Cr → 140.0 Cr (in ₹), with an average increase of 16.9% per quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, PRESTIGE has outperformed top 5 stocks with highest market-cap in Real Estate Rental, Development & Operations

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, PRESTIGE stock has moved up by 25.7%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 65.48% of holdings in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 18.07% to 16.06% in Mar 2024 quarter

Prestige Estates Projects Ltd Valuation

Prestige Estates Projects Ltd in the last 5 years

  • Overview

  • Trends

Lowest (3.84x)

May 25, 2021

Today (54.64x)

June 13, 2024

Industry (186.60x)

June 13, 2024

Highest (92.23x)

February 18, 2021

LowHigh

Mutual Fund Holdings

Funds Holdings
HDFC Flexi Cap Fund -Direct Plan - Growth OptionHDFC Flexi Cap Fund -Direct Plan - Growth Option2.04%
Mirae Asset Large & Midcap Fund Direct Plan GrowthMirae Asset Large & Midcap Fund Direct Plan Growth2.09%
Nippon India Growth Fund - Direct Plan - GrowthNippon India Growth Fund - Direct Plan - Growth2.13%
Mirae Asset Midcap Fund Direct GrowthMirae Asset Midcap Fund Direct Growth3.08%
Motilal Oswal Midcap Direct GrowthMotilal Oswal Midcap Direct Growth4.23%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
65.48%
0.00
Foreign Institutions
16.06%
0.00
Mutual Funds
13.49%
0.00
Retail Investors
3.49%
0.00
Others
1.48%
0.00

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Prestige Estates Projects Ltd (PRESTIGE) share price today is ₹1929.65

Prestige Estates Projects Ltd is listed on NSE

Prestige Estates Projects Ltd is listed on BSE

  • Today’s highest price of Prestige Estates Projects Ltd is ₹1929.65.
  • Today’s lowest price of Prestige Estates Projects Ltd is ₹1928.3.

PE Ratio of Prestige Estates Projects Ltd is 54.64

PE ratio = Prestige Estates Projects Ltd Market price per share / Prestige Estates Projects Ltd Earnings per share

Today’s traded volume of Prestige Estates Projects Ltd(PRESTIGE) is 10.26L.

Today’s market capitalisation of Prestige Estates Projects Ltd(PRESTIGE) is ₹75065.35Cr.

Prestige Estates Projects Ltd(PRESTIGEPrice
52 Week High
₹1998
52 Week Low
₹521.2

Prestige Estates Projects Ltd(PRESTIGE) share price is ₹1929.65. It is down -3.42% from its 52 Week High price of ₹1998

Prestige Estates Projects Ltd(PRESTIGE) share price is ₹1929.65. It is up 270.23% from its 52 Week Low price of ₹521.2

Prestige Estates Projects Ltd(PRESTIGEReturns
1 Day Returns
57.05%
1 Month Returns
25.65%
3 Month Returns
74.73%
1 Year Returns
213.2%