PRESTIGE.NSE Prestige Estates Projects Limited
176
1,505.05
19.05
(1.28%)
| Watchers | 176 |
| 52-Wk Low | 471.30 |
| 52-Wk High | 1,566.00 |
| Market Cap | 620.05B |
| Volume | 1.08M |
| 52-Wk High | 1,566.00 |
| 52-Wk Low | 471.30 |
Nifty Realty index sheds 4% amid sharp profit booking in real estate stocksMoneycontrol • 4 days ago
Realty stocks had been soaring high in past few months on the back of strong demand, hopes of interest rate cuts
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Godrej Properties formed robust bullish candlestick pattern on the daily charts, with significantly higher volumes. The stock now traded above all key moving averages.
For the coming week, one can use a pullback on the Nifty to sell weekly Call options for a strike of 23,050, as it will not be easy for the index to break above 23,000 unless strong momentum is witnessed across the sector, says Ashish Kyal.
Prestige Estates Share Price: The acquired land will be planned for residential development spanning approximately 4 million square feet of developable area, comprising around 1,800 apartments.
Motilal Oswal is bullish on Prestige Estates recommended buy rating on the stock with a target price of Rs 1535 in its research report dated April 02, 2024.
In an exchange filing on April 1, Prestige Estates said that the Rs 2,001 crore deal is dedicated towards the development of residential projects in prominent locations across 4 cities in India.
Prestige Estates Projects: The acquired land will be developed primarily as residential and will be branded under the ‘The Prestige City’ format.
DLF, a prominent player in the real estate sector, emerged as the top donor with a contribution of Rs 180 crore, including donations from subsidiaries
New developments also include six malls in Bengaluru, two in Kochi, and one each in Chennai and Hyderabad.