Prestige Estates Q1 Sales Soar

  Published 1 year ago

Prestige Estates shares rise after 300% Q1 sales jump, driven by New Delhi debut and strong broker upgrades.

  • Antique, Citi, and Morgan Stanley maintain bullish ratings; FY26 outlook revision and new launches seen as key drivers.
  • Q1 sales hit ₹121.26 bln, beating estimates; FY25 performance impacted by project launch delays.
  • Stock rated “buy” on average; median price target at ₹1,727.50; YTD stock nearly flat at -0.2%.

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