Shares of Prestige Estates Projects dropped over 5% to Rs 1,618.8 in Wednesday’s trade on BSE after the global brokerage firm Morgan Stanley downgraded the stock to ‘Underweight’. Citing slower pre-sales growth and lower conviction, Morgan Stanley downgraded Prestige Estates to ‘Underweight’ from ‘Overweight’ and cut its target price to Rs 1,510 from Rs 1,770….
READ MOREIndian Railway Finance Corporation Share Price 152.07 04:08 PM | 4 Oct 2024 0.47(0.32%) Suzlon Energy Share Price 74.67 04:08 PM | 4 Oct 2024 -1.08(-1.43%) Indian Renewable Energy Development Agency Share Price 221.66 04:08 PM | 4 Oct 2024 -1.66(-0.75%) Tata Motors Share Price 930.75 04:08 PM | 4 Oct 2024 5.05(0.55%) YES Bank…
READ MOREBengaluru: Real estate developer Prestige Estates Projects plans to use the Rs 5,000 crore it raised through qualified institutional placement (QIP) to primarily reduce debt and acquire assets to expand its portfolios nationwide.βWe plan to allocate approximately Rs 1,500 crore towards debt reduction (and) Rs 1,750 crore for land acquisition,β Irfan Razack, chairman and managing…
READ MORERealty firm Prestige Estates Projects has reported a 13 per cent decline in its consolidated net profit to Rs 232.6 crore in the June 2024 quarter on higher expenses. Its net profit stood at Rs 266.9 crore in the year-ago period. Total income rose to Rs 2,024.5 crore in the April-June period of 2024-25 fiscal…
READ MORE