Prestige Estates Projects rises on the buzz of planning to acquire malls in Pune, Mumbai

17 Sep 2018

Prestige Estate Projects is currently trading at Rs. 236.30, up by 0.90 points or 0.38% from its previous closing of Rs. 235.40 on the BSE.

The scrip opened at Rs. 237.00 and has touched a high and low of Rs. 238.90 and Rs. 236.00 respectively. So far 1864 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. 215.05 on 12-Sep-2018.

Last one week high and low of the scrip stood at Rs. 240.05 and Rs. 215.05 respectively. The current market cap of the company is Rs. 8827.50 crore.

The promoters holding in the company stood at 70.00%, while Institutions and Non-Institutions held 28.67% and 1.33% respectively.

Prestige Estates Projects is reportedly planning to acquire malls in Pune and Mumbai. Through this acquisition the company is looking to increase its rental income base. The company has aggressive mall development pipeline and it is in talks to either reposition or buyout malls.

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.

Related Prestige Estate Projects Ltd. Links:

Prestige Estate Proj Share Price

244.70 11.85 (5.09%) Sep 25, 18:02
1 Year Price Chart
Peers
Company Name CMP
Dilip Buildcon 340.30
NBCC (India) 24.45
Sobha 232.30
JMC Projects (India) 51.00
Prestige Estate Proj 244.70
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Sensex vs Prestige Estate Proj
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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