Motilal Oswal is bullish on Prestige Estates Projects recommended buy rating on the stock with a target price of Rs 675 in its research report dated June 01, 2023.

Buy Prestige Estates Projects; target of Rs 675: Motilal Oswal

HDFC Securities is bullish on Prestige Estates has recommended buy rating on the stock with a target price of Rs 630 in its research report dated May 31, 2023.

Buy Prestige Estates; target of Rs 630: HDFC Securities

Prestige Estates share price targets: Motilal Oswal Securities has a target of Rs 675 on the stock. HDFC Institutional Equities sees the stock at 630. Elara pegs Prestige at Rs 606. Foreign brokerage Jefferies finds the stock worth Rs 560.

Prestige Estates presales hit record high in FY23; can this real estate stock deliver return?

HDFC Securities recommends a ‘Buy’ on the stock of Prestige Estates Projects

Broker’s Call: Prestige Estates Projects (Buy)

Results Review for Prestige Estates and V-Guard Industries

The Bengaluru-based realty firm had 50 per cent stake each in these two projects and now has acquired balance 50 per cent from DB Group.

Prestige Estates hikes stakes to 100% in 2 office complexes by buying out DB Group shares for Rs 1,176 cr | The Financial Express

In 2021, Prestige Falcon Realty Ventures had invested in Turf Estate Joint Venture as a new partner with an equal share of profit and losses with DB Realty

Prestige Estates buys out DB Realty’s stake in two projects in Mumbai

Acting through its wholly owned subsidiary, Prestige Falcon Realty Ventures, the company has entered into agreements to increase its stake to 100% from 50% by acquiring the remaining securities of Prestige (BKC) Realtors from DB Group and its subsidiaries for Rs 978.70 crores. Both the projects are …

Prestige Estates buys out DB Group’s balance stake in 2 Mumbai projects for Rs 1,176 crore

Real estate stocks fire up with DLF leading the pack, up over 8%. Sonal Bhutra with the details. Godrej Prop, Prestige Estates, Macro Tech Developers Sobha Kolte Patil ltd.

#realestate #realestatestock #cnbctv18 #stockmarket #stockmarketupdates  #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday   

Read Web copy: https://www.cnbctv18.com/real-estate/nifty-realty-10-points-away-from-its-52-week-highs-16665231.htm

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Real Estate Surge In Trade: DLF Leads The Way | NSE Closing Bell | CNBC-TV18

Prestige Estates Projects Ltd is building more office assets now but this time it plans to keep them for its own REIT (real estate investment trust) offering.

Prestige Estates building office portfolio for own REIT offering

The Shivshahi society redevelopment project involves 192 tenements spread over 3.3 acres opposite the GlaxoSmithKline Pharmaceuticals property on Dr Annie Besant Road in central Mumbai. The redevelopment project has been stuck for more than a decade as the earlier developers could not execute the pr…

Prestige Estates inks pact for 1 million sq ft redevelopment project in Mumbai’s Worli

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Prestige Estates Projects Limited is a real estate development company engaged in the development and construction of properties, and leasing of commercial properties.