Prestige Estate Projects is currently trading at Rs. 226.60, up by 2.10 points or 0.94% from its previous closing of Rs. 224.50 on the BSE.
The scrip opened at Rs. 226.15 and has touched a high and low of Rs. 230.00 and Rs. 224.55 respectively. So far 4662 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 270.00 on 11-Jul-2014 and a 52 week low of Rs. 123.35 on 13-Nov-2013.
Last one week high and low of the scrip stood at Rs. 245.90 and Rs. 221.05 respectively. The current market cap of the company is Rs. 8437.50 crore.
The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 23.42% and 1.58% respectively.
Prestige Estate Projects has reported total sales of Rs 1,485 crore for the Q2 FY15. The 2nd quarter of the financial year 2014-15 has seen a recovery in business streams due to an optimistic stable government. The GDP growth of 5.7% for the Q1 FY15 provides signs of the economy coming out of the low growth phase and has given rise to expectations that it would be above 5% for the rest of the year.
During the quarter, the Company has sold 1,375 Residential units and 0.21 million square feet of commercial space, aggregating to 2.45 million square feet amounting to Rs. 1485.9 crore of sales, up by 29% from that of Q2 FY 13-14. Of the above, Prestige share is: 1,259 units -2.16 million square feet amounting to Rs 1289.3 crore of sales, up by 21% from that of Q2 FY 13-14.
Total collections for the quarter aggregated to Rs. 961.2 crore, up by 34% as compared to the corresponding Q2 FY 13-14. Of this, Prestige share of collections for the quarter aggregated to Rs. 810.1 crore, up by 31% as compared to the corresponding Q2 FY 13-14.
Prestige Estate Projects commenced operations as a partnership firm constituted under the Indian Partnership Act, 1932 on April 1, 1986 under the name and style of Prestige Estates and Properties.
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