Prestige Estates Projects Ltd Share Price – NSE /  BSE

Realty, Mid Cap

Prestige Estates Projects Ltd lost 3.44% today to trade at Rs 1646.95. The BSE Realty index is down 0.54% to quote at 7988.53. The index is up 3.48 % over last one month. Among the other constituents of the index, Sunteck Realty Ltd decreased 1.94% and Godrej Properties Ltd lost 1.14% on the day. The BSE Realty index went up 42.72 % over last one year compared to the 20.87% surge in benchmark SENSEX.

Prestige Estates Projects Ltd has lost 0.36% over last one month compared to 3.48% gain in BSE Realty index and 0.02% drop in the SENSEX. On the BSE, 2784 shares were traded in the counter so far compared with average daily volumes of 22139 shares in the past one month. The stock hit a record high of Rs 2072.75 on 24 Jun 2024. The stock hit a 52-week low of Rs 926.6 on 28 Nov 2023.

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The acquired land will be planned for residential development spanning approximately 1 Million sq ft of carpet area. The cost of acquisition is around Rs 291.58 crore.

Irfan Razack, chairman and managing director of Prestige Group, said, “We are thrilled to announce the expansion of our presence in Mumbai with the acquisition of this land parcel together with all rights. This development, with a projected 1 million square feet of carpet area, underscores our commitment to strengthening our footprint in the Mumbai region and meeting the evolving demands of modern urban living. This strategic addition will further our vision of creating transformative spaces that deliver long-term value to our communities and stakeholders.”

Prestige Group, one of the leading real estate developers in the country, has a legacy of over three decades in real estate development. It has diversified business model across various segments, viz residential, office, retail, hospitality, property management and warehouses with operations in more than 13 major locations in India. The Group has completed 300 projects spanning a developable area of approximately 190 million square feet.

The company reported 77.41% decline in consolidated net profit to Rs 192.20 crore in Q2 FY25 as against Rs 850.90 crore recorded in Q2 FY24. Revenue from operations grew 3.04% year on year (YoY) to Rs 2,304.40 crore in the quarter ended 30 September 2024.

The counter advanced 1.79% to end at Rs 1547.80 on Thursday, 14 November 2024.

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Prestige Estates Projects Ltd rose 3.23% today to trade at Rs 1650.5. The BSE Realty index is up 1.63% to quote at 7820.22. The index is down 1.81 % over last one month. Among the other constituents of the index, Brigade Enterprises Ltd increased 1.73% and DLF Ltd added 1.66% on the day. The BSE Realty index went up 53.25 % over last one year compared to the 22.64% surge in benchmark SENSEX.

Prestige Estates Projects Ltd has lost 5.03% over last one month compared to 1.81% fall in BSE Realty index and 1.73% drop in the SENSEX. On the BSE, 973 shares were traded in the counter so far compared with average daily volumes of 20463 shares in the past one month. The stock hit a record high of Rs 2072.75 on 24 Jun 2024. The stock hit a 52-week low of Rs 775 on 06 Nov 2023.

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Prestige Estates Projects Ltd lost 1.06% today to trade at Rs 1576. The BSE Realty index is down 0.99% to quote at 7567.18. The index is down 6.08 % over last one month. Among the other constituents of the index, Phoenix Mills Ltd decreased 0.42% and Macrotech Developers Ltd lost 0.36% on the day. The BSE Realty index went up 46.5 % over last one year compared to the 21.11% surge in benchmark SENSEX.

Prestige Estates Projects Ltd has lost 9.93% over last one month compared to 6.08% fall in BSE Realty index and 3.69% drop in the SENSEX. On the BSE, 1707 shares were traded in the counter so far compared with average daily volumes of 20429 shares in the past one month. The stock hit a record high of Rs 2072.75 on 24 Jun 2024. The stock hit a 52-week low of Rs 775 on 06 Nov 2023.

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