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Prestige Estate Projects trades in green on the bourses

26 Feb 2018 Evaluate

Prestige Estate Projects is currently trading at Rs. 324.60, up by 8.50 points or 2.369% from its previous closing of Rs. 316.10 on the BSE.

The scrip opened at Rs. 317.90 and has touched a high and low of Rs. 328.70 and Rs. 317.90 respectively. So far 9519 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 356.10 on 16-Jan-2018 and a 52 week low of Rs. 148.00 on 14-Mar-2017.

Last one week high and low of the scrip stood at Rs. 331.80 and Rs. 297.55 respectively. The current market cap of the company is Rs. 12298.13 crore.

The promoters holding in the company stood at 70.00%, while Institutions and Non-Institutions held 28.82% and 1.18% respectively.

Prestige Estate Projects’ wholly owned subsidiary - Prestige Exora Business Parks (Exora) and Reco Jade Ind (Reco), a subsidiary of GIC (Realty), Singapore have entered into a preliminary term sheet in relation to a possible significant minority investment by Reco in Exora, which owns directly/ indirectly multiple office properties, both operating and under construction.

Prestige Estates Projects is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.

Peers
Company Name CMP
Lodha Developers 1136.50
Prestige EstatesProj 1462.80
Dilip Buildcon 404.00
DLF 667.70
Oberoi Realty 1836.00
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