ICICI Securities Limited
Prestige Estates Projects (PEPL) reported Q1FY23 gross sales bookings of Rs 30.1bn vs. I-sec estimate of Rs31.5bn and was primarily led by strong response to the new launch in Mulund, Mumbai (Prestige Bellanza) which our channel checks indicate may have sold ~300 units or Rs6.0bn in value during the quarter.
Prestige Estates Pro.. has an average target of 1656.25 from 4 brokers.
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