Buy Prestige Estates Projects, target price Rs 1390: HDFC Securities
Prestige Estates Projects with a target price of Rs 1390. The current market price of Prestige Estates Projects Ltd. is Rs 1143.95.
Prestige Estates Projects Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 45918.70 Crore) operating in Real Estate sector.
Prestige Estates Projects Ltd. key Products/Revenue Segments include Income from Sale of Commercial Flats, Shops & Plots, Property Development, Other Services, Project Management Fees, Sale of services and Other Operating Revenue for the year ending 31-Mar-2023.
Financials For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 1970.50 Crore, down -39.48 % from last quarter Total Income of Rs 3256.00 Crore and down -16.06 % from last year same quarter Total Income of Rs 2347.50 Crore. Company reported net profit after tax of Rs 181.00 Crore in latest quarter.
Promoter/FII Holdings Promoters held 65.48 per cent stake in the company as of 31-Dec-2023, while FIIs owned 18.07 per cent, DIIs 13.17 per cent.
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