Prestige Estates Projects Ltd. News and Updates

Name: Latest research reports of Prestige Estates Projects Ltd. authored by Axis Direct and published by - Trendlyne research reports.
Item: Prestige Estates Projects Ltd.
Rating: 5
Author: Axis Direct

Keep track of all breaking news on Prestige Estates Projects Ltd. from all sources in a single place.

Prestige Estates Projects Ltd.

01 Jul 2025

1613.00

0.76%

Prestige Group eyes 3,350 cr revenue from new housing project in Chennai

Business Standard

Prestige Estates Projects Ltd is targeting Rs 3,350 crore revenue from its upcoming housing project in Chennai. The company has launched a residential project Prestige Pallavaram Gardens - on the PallavaramThoraipakkam Radial Road in Chennai. The 21.84-acre project has 2,069 premium apartments, offering a total saleable area of 3.1 million (31 lakh ) square feet and a "a Gross Development Value (GDV) of Rs 3,350 crore. Irfan Razack, Chairman & Managing Director, Prestige Group, said: "Chennai has emerged as one of the most dynamic real estate markets in South India, and we are delighted to strengthen our presence here." Bengaluru-based Prestige Group has a portfolio of residential, commercial, retail, hospitality, and integrated townships across major cities. The group has delivered 302 projects spanning 193 million square feet and has a pipeline of 130 projects covering 203 million square feet area. Prestige Estates Projects Ltd has set a target to sell properties worth Rs...

Prestige Estates Projects Ltd. has gained 43.12% in the last 3 Months

Prestige Estates Projects Ltd.

20 Jun 2025

1613.00

0.76%

Strong project pipeline to ensure sales momentum for Prestige Estates

Business Standard

The launches in the last quarter and a strong outlook has resulted in the stock gaining 21 per over the last month and 42 per cent over three months

Prestige Estates Projects Ltd. has gained 43.12% in the last 3 Months

Prestige Estates Projects Ltd.

17 Jun 2025

1613.00

0.76%

Axis Punch:Prestige Estates

Buy: Prestige Estates Projects ...

Target

Axis Direct

We recommend a BUY rating on the stock with a TP of Rs 1,865/share, implying an upside of 10% from the CMP.

Prestige Estates Projects Ltd. has gained 43.12% in the last 3 Months

Prestige Estates Projects Ltd.

11 Jun 2025

1613.00

0.76%

Prestige Estates bets on booming entertainment market to revamp mall blueprint

Business Line

The developerplans to allocate 40% space in malls to entertainment and restaurants, twice of what its older properties offer

Number of FII/FPI investors decreased from 633 to 568 in Mar 2025 qtr

Prestige Estates Projects Ltd.

10 Jun 2025

1613.00

0.76%

Prestige Group aims 59% growth in FY26 sales bookings at Rs 27,000 crore

Business Standard

Prestige Estates Projects Ltd has set a target to sell properties worth Rs 27,000 crore this fiscal year, an increase of 59 per cent from the previous year, as it remains bullish on housing demand. Bengaluru-based Prestige Estates Projects' sales bookings declined 19 per cent annually to Rs 17,023 crore in the 2024-25 fiscal year on delays in regulatory approvals to launch its projects. The company had given a sales bookings guidance of Rs 24,000 crore for the last fiscal year, but it missed the target by a huge margin. In a conference call with analysts, Prestige Estates Chairman Irfan Razack said the company has set a conservative pre-sales target of Rs 27,000 crore for the current fiscal year. "So the strategy is I would rather under-promise and over-deliver," Razack told analysts, as per the call transcript uploaded on the stock exchanges. "...see, now what has happened is we had kept a target of Rs 24,000 crore for FY25, which of course, we fell short of. But I think this fi

Axis Direct increased Buy price target of Prestige Estates Projects Ltd. to 1865.0 on 17 Jun, 2025.

Prestige Estates Projects Ltd.

04 Jun 2025, 05:51PM

1613.00

0.76%

Prestige Estates among top 3 real estate stock picks by Axis Securities for FY26

Economic Times

Axis Securities stays bullish on real estate for FY26, citing strong booking growth, resilient demand, and robust project pipelines. Top picks include Prestige Estates, SignatureGlobal, and Arvind Smartspaces for their execution strength.

Axis Direct increased Buy price target of Prestige Estates Projects Ltd. to 1865.0 on 17 Jun, 2025.

Prestige Estates Projects Ltd.

02 Jun 2025

1613.00

0.76%

'Buy' Prestige Estates Shares Reiterates Motilal Oswal On Re-Rating Potential; Sees 32% Upside

NDTV Profit

Motilal Oswal is positive on Prestige Estate, though Q4 results shows guidance miss; average realization increases, the brokerage sees upto 32% upside

Axis Direct increased Buy price target of Prestige Estates Projects Ltd. to 1865.0 on 17 Jun, 2025.

Prestige Estates Q4 Review: Results Miss The Mark, But FY26 Growth Looks Promising, Say Analysts

NDTV Profit | 02 Jun 2025 2 more

Prestige Estates Projects Ltd.

02 Jun 2025

1613.00

0.76%

Result Update:Prestige Estates

Buy: Prestige Estates Projects ...

Target

Axis Direct

With a 25% upside from the CMP, we maintain our long-term BUY rating on the stock

Prestige Estates Projects Ltd. is trading below its 30 day SMA of 1627.8

Prestige Estates Projects Ltd.

30 May 2025

1613.00

0.76%

Prestige Estates Q4 results: Net profit declines 82% to Rs 25 crore

Business Standard

Realty firm Prestige Estates Projects Ltd has posted an 82 per cent decline in its consolidated net profit to Rs 25 crore in the quarter ended March. Its net profit stood at Rs 140 crore in the year-ago period. Total income fell to Rs 1,589.3 crore in the fourth quarter of the last financial year from Rs 2,232.5 crore in the corresponding period of the preceding year, according to a regulatory filing on late Thursday. During the 2024-25 fiscal, Prestige Estates' net profit fell sharply to Rs 467.5 crore from Rs 1,374.1 crore in the preceding year. Total income too declined to Rs 7,735.5 crore in the last fiscal from Rs 9,425.3 crore in the 2023-24 fiscal. Prestige Estates has also partnered with Valor Group to develop an office complex worth Rs 4,500 crore in Mumbai. Prestige Estates informed that it has entered into a framework agreement with Valor Estate Ltd and its wholly owned subsidiaries for jointly developing a project on lands admeasuring in the aggregate 21,978.22 square

Prestige Estates Projects Ltd. is trading above its 200 day SMA of 1511.2

Prestige Estates, Valor Group join hands to build 4,500-cr office complex in Mumbai

Business Line | 30 May 2025 1 more

Prestige Estates Projects Ltd.

12 May 2025

1613.00

0.76%

Prestige Estates share zooms over 6% in trade on Monday; check reasons here

Business Standard

Prestige Estates shares rose after the company said that it has entered into a 'Framework Agreement' with Arihant Foundations, to collaborate and jointly develop real estate projects in Chennai