Reserve Bank of India (RBI) has notified that the aggregate net purchases of the equity share in Prajay Engineers Syndicate by Non Resident Indians (NRIs)/ Persons of Indian Origin (PIOs) in primary/secondary markets has reached the trigger limit and has been included in the ban list of the RBI for purchase of equity shares by NRI/PIOs. Accordingly, no further purchases of the shares of Prajay Engineers Syndicate would be allowed through stock exchanges on behalf of NRI/PIOs.
Prajay Engineers Syndicate is engaged in the development and construction of residential and commercial properties in Hyderabad and Secunderabad, India. The company commenced operations in the real estate sector by building low cost residential buildings. It then diversified into high-end apartments, commercial complexes, hospitality ventures, malls, IT parks and large format high-end integrated townships.
| Company Name | CMP |
|---|---|
| Lodha Developers | 965.60 |
| Dilip Buildcon | 478.50 |
| DLF | 608.40 |
| Oberoi Realty | 1703.85 |
| Ahluwalia Contract(I | 847.50 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: