Prestige Estates Projects Ltd. News and Updates

Name: Latest research reports of Prestige Estates Projects Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Prestige Estates Projects Ltd.
Rating: 3
Author: ICICI Securities Limited

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

Load latest

Prestige Estates Projects Ltd.

09 Nov 2023

1433.20

1.01%

Sales bookings impress, debt levels the key monitorable

Hold: Prestige Estates Projects ...

Target

ICICI Securities Limited

Prestige Estates Projects (PEPL) clocked strong Q2FY24 sales bookings worth INR70.9bn (up 102% YoY) driven by new launches of 13msf including Park Grove, Bengaluru (9.3msf). While company has achieved H1FY24 sales bookings of INR110bn (up 69% YoY), the company’s H2FY24 launch pipeline is robust with launches lined up across South India, Mumbai and NCR having GDV of ~INR300bn.

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

Prestige Estates Projects Ltd.

20 Oct 2023

1433.20

1.01%

Buy Prestige Estates; target of Rs 900: Motilal Oswal

Moneycontrol

Motilal Oswal is bullish on Prestige Estates recommended buy rating on the stock with a target price of Rs 900 in its research report dated October 18, 2023.

Prestige Estates Projects Ltd. is trading below its 150 day SMA of 1457.6

Prestige Estates Projects Ltd.

09 Oct 2023

1433.20

1.01%

Prestige Estates reports 69% sales surge in H1FY24, share price jumps to 52-week high

Moneycontrol

During H1FY24, the Group registered record-breaking highest sales of Rs 11,007.3 crore, up by 69 percent YoY and collections of Rs 5380.6 crore, up by 13 percent YoY.

Prestige Estates Projects Ltd. has gained 19.58% in the last 1 Month

Prestige Estates Projects Ltd.

06 Oct 2023

1433.20

1.01%

Stock to buy today: Prestige Estates Projects (671.35): BUY

Business Line

Traders can go long at current levels and accumulate on dips

Prestige Estates Projects Ltd. is trading above its 100 day SMA of 1331.4

Prestige Estates Projects Ltd.

03 Oct 2023

1433.20

1.01%

Buy Prestige Estates; target of Rs 786 HDFC Securities

Moneycontrol

HDFC Securities is bullish on Prestige Estates has recommended buy rating on the stock with a target price of Rs 786 in its research report dated October 03, 2023.

Prestige Estates Projects Ltd. is trading above its 100 day SMA of 1331.4

Prestige Estates Projects Ltd.

14 Sep 2023

1433.20

1.01%

Hold Prestige Estate Projects; target of Rs 611: ICICI Securities

Moneycontrol

ICICI Securities recommended hold rating on Prestige Estate Projects with a target price of Rs 611 in its research report dated September 13, 2023.

Prestige Estates Pro.. has an average target of 1656.25 from 4 brokers.

Prestige Estates Projects Ltd.

13 Sep 2023

1433.20

1.01%

Prestige Estates lines up malls of 9 msf leasable area

Business Line

The new upcoming malls of the group are wholly owned by it, though some of them are being developed in partnership

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

Prestige Estates Projects Ltd.

13 Sep 2023

1433.20

1.01%

Debt levels remain the key monitorable

Hold: Prestige Estates Projects ...

ICICI Securities Limited

Prestige Estates Projects’ (Prestige) residential sales bookings remain strong and we model for gross sales bookings of INR150bn in FY24E and INR165bn in FY25E vs. INR129bn in FY23 led by high-value Mumbai launches. At the same time, the company’s consolidated net debt levels have risen by INR25.6bn over the last 12 months as it continues to incur annual land/stake buyout spend of INR40-50bn and annual annuity capex of INR30-40bn.

Prestige Estates Pro.. has an average target of 1656.25 from 4 brokers.

Prestige Estates Projects Ltd.

14 Aug 2023, 08:05PM

1433.20

1.01%

Buy Prestige Estates; target of Rs 700 : HDFC Securities

Moneycontrol

HDFC Securities is bullish on Prestige Estates has recommended buy rating on the stock with a target price of Rs 700 in its research report dated August 09, 2023.

Prestige Estates Projects Ltd. has gained 19.58% in the last 1 Month

Buy Prestige Estates Projects; target of Rs 750: Motilal Oswal

Moneycontrol | 14 Aug 2023

Prestige Estates Projects Ltd.

11 Aug 2023

1433.20

1.01%

Sales bookings impress, debt levels the key monitorable

Accumulate: Prestige Estates Projects ...

Recommendation Target

ICICI Securities Limited

Prestige Estates Projects (PEPL) clocked strong Q1FY24 sales bookings worth INR39.1bn (up 30% YoY) driven by new launches of 3.1msf and ongoing project inventory sales. For the remainder of FY24, the company has project launches lined up across South India, Mumbai and NCR having GDV of ~INR400bn.