PRESTIGE ESTATES PROJECTS LTD.
NSE : PRESTIGEBSE : 533274ISIN
CODE : INE811K01011Industry : Construction - Real EstateHouse
: Prestige
BSE1574.7050 (+3.28 % )
PREV CLOSE (Rs.) 1524.70
OPEN PRICE (Rs.) 1525.50
BID PRICE (QTY) 1574.60 (14 )
OFFER PRICE (QTY) 1576.80 (9 )
VOLUME 15395
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE1574.00 49.2 (+3.23 % )
PREV CLOSE(Rs.) 1524.80
OPEN PRICE (Rs.) 1530.00
BID PRICE (QTY) 1573.85 (8 )
OFFER PRICE (QTY) 1574.40 (42 )
VOLUME 628178
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 30-Apr-2024 | Prestige Estates Projects informs about compliance certificate | <div>Prestige Estates Projects has informed that it enclosed the Compliance Certificate from Practicing Company Secretary for the financial year ended March 31, 2024.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 09-Apr-2024 | Prestige Estates Projects reports 63% rise in sales bookings during FY24 | <p style="text-align: justify;">Prestige Estates Projects has reported 63% annual increase in sales bookings during FY24 at Rs 21,040 crore -- an all-time high, on strong demand for its residential properties and higher average per square feet realisation. The company's sales bookings stood at Rs 12,931 crore in the financial year 2022-23. </p><p style="text-align: justify;">The company attained the highest-ever annual collections of Rs 11,954 crore for FY24, a growth of 22% year-on-year (YoY). It achieved record sales bookings in volume terms as well totaling 20.25 million square feet in 2023-24, up 34% in the previous year. It has achieved the highest-ever number of units sold, with 10,068 units sold in FY24 and achieved the highest average realization at Rs 10,410 per square feet in FY24.</p><p style="text-align: justify;">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.</p> |
| 09-Apr-2024 | Prestige Estates Projects gains on reporting 63% rise in sales bookings during FY24 | <p></p><div style="text-align: justify;">Prestige Estates Projects is currently trading at Rs. 1278.00, up by 2.25 points or 0.18% from its previous closing of Rs. 1275.75 on the BSE.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The scrip opened at Rs. 1292.15 and has touched a high and low of Rs. 1317.30 and Rs. 1262.40 respectively. So far 22473 shares were traded on the counter.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1440.00 on 15-Jan-2024 and a 52 week low of Rs. 419.90 on 10-Apr-2023.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1350.00 and Rs. 1262.00 respectively. The current market cap of the company is Rs. 50989.60 crore.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The promoters holding in the company stood at 65.48%, while Institutions and Non-Institutions held 31.24% and 3.27% respectively.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">Prestige Estates Projects has reported 63% annual increase in sales bookings during FY24 at Rs 21,040 crore -- an all-time high, on strong demand for its residential properties and higher average per square feet realisation. The company's sales bookings stood at Rs 12,931 crore in the financial year 2022-23. </div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The company attained the highest-ever annual collections of Rs 11,954 crore for FY24, a growth of 22% year-on-year (YoY). It achieved record sales bookings in volume terms as well totaling 20.25 million square feet in 2023-24, up 34% in the previous year. It has achieved the highest-ever number of units sold, with 10,068 units sold in FY24 and achieved the highest average realization at Rs 10,410 per square feet in FY24.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">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.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">Ddev Plastiks Industries is engaged in the manufacturing of Plastic Compounds. It mainly caters to cable and wire companies, packaging, footwear, pipes, automobiles, consumer durables, electrical appliances, electricals and light fittings and electronics.</div><p></p> |
| 09-Apr-2024 | REC, Prestige Estates Projects and SJVN to see some action today | <p style="text-align: justify;"><b>REC </b>has made record loan sanctions worth Rs 3,58,816 crore during 2023-24, posting a year-on-year rise of 33.66%. It had sanctioned Rs 2,68,461 crore as loan during the preceding 2022-23 fiscal. Its loan disbursements stood at Rs 1,61,462 crore in 2023-24 as against Rs 96,846 crore in 2022-23, i.e. up by 66.72%. As of March 31, 2024, the company's loan book was at Rs 5,09,545 crore, higher 17.13% as against Rs 4,35,012 crore in FY23.</p><p style="text-align: justify;"><b>Prestige Estates Projects </b>has reported 63% annual increase in sales bookings during FY24 at Rs 21,040 crore --an all-time high, on strong demand for its residential properties and higher average per square feet realisation. The company's sales bookings stood at Rs 12,931 crore in the financial year 2022-23. The company attained the highest-ever annual collections of Rs 11,954 crore for FY24, a growth of 22% year-on-year (YoY). It achieved record sales bookings in volume terms as well totaling 20.25 million square feet in 2023-24, up 34% in the previous year. </p><p style="text-align: justify;"><b>SJVN</b>'s wholly owned subsidiary -- SJVN Green Energy (SGEL) has signed a Joint Venture Cum Shareholders Agreement with Assam Power Distribution Company (APDCL) on April 8, 2024. Joint Venture cum Shareholders Agreement records the terms of incorporation of a Joint Venture Company in accordance with the terms of the agreement for Development of Renewable Energy Projects / Parks within APDCL / SGEL or SJVN command area and on pan-India basis. Incorporation of Joint Venture Company in shareholding of 51:49 by SGEL and APDCL respectively. </p><p style="text-align: justify;"><b>Puravankara </b>has acquired 4,100 equity shares of Rs 100 each at par aggregating to Rs 4,10,000 by subscribing to the private placement of PPL Khondapur Developers, the step down wholly owned subsidiary of the company. As a result of the investment, PPL Khondapur will become step down subsidiary company from step down wholly owned subsidiary of the company. This investment will help PPL Khondapur to meet its expansion plans. </p><p style="text-align: justify;"><b>Godrej Consumer Products</b>' India organic business witnessed strong underlying volume growth (Q4FY24) at high-single digit with growth being broad-based across both Home Care and Personal Care. While demand in Household Insecticides has been subdued due to an extended winter in the North and East, its GoodKnight Agarbatti launch was well received by consumers. Park Avenue and KamaSutra brands delivered in-line with category seasonality. Reported underlying volume growth continue to be in double-digit. </p><p style="text-align: justify;"><b>Jindal Stainless</b>' subsidiary -- Jindal Lifestyle has launched the first premium cookware range under its Arttd'inox lifestyle brand. The new cookware range has three exquisite collections - Vida, Stellar, and Timber, and signifies a fusion of cutting-edge innovation and unmatched quality, designed to elevate the culinary experience for home chefs. Arttd'inox has always been at the forefront of innovative design language bonded with utility, in a beautiful symphony of form and function.</p><p style="text-align: justify;"><b>Sula Vineyards</b> has recorded its highest ever Q4FY24 net revenues overall as well as for Own Brands and the Wine Tourism business. The company's Own Brands sales rose 9% to Rs 113.0 crore in Q4FY24 as compared to Rs 103.4 crore in Q4FY23. While in Q4FY24, the growth of Wine tourism business was at 31% year-on-year at Rs 16.4 crore as compared to Rs 12.5 crore in the year ago period. </p><p style="text-align: justify;"><br></p><p style="text-align: justify;"><br></p><div style="text-align: justify;"><br></div> |
| 05-Apr-2024 | Prestige Group acquires around 21 acres of prime land in Bengaluru | <p style="text-align: justify;">Prestige Group has acquired around 21 acres of prime land in Whitefield, Bengaluru. The acquired land will be planned for Residential Development spanning around 4 Mn Sft of developable area, comprising around 1800 apartments. The cost of acquisition is Rs 450 crore. </p><p style="text-align: justify;">Prestige Group remains committed to adhering to the highest standards of design, execution, and customer service, ensuring that every project reflects its core values of innovation, integrity, and trust.</p><p style="text-align: justify;">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.</p> |
| 05-Apr-2024 | Prestige Estates Projects gains as its group acquires around 21 acres of prime land in Bengaluru | <p style="text-align: justify;">Prestige Estates Projects is currently trading at Rs. 1314.85, up by 9.60 points or 0.74% from its previous closing of Rs. 1305.25 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1338.60 and has touched a high and low of Rs. 1350.00 and Rs. 1298.40 respectively. So far 23416 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1440.00 on 15-Jan-2024 and a 52 week low of Rs. 410.30 on 06-Apr-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1350.00 and Rs. 1185.00 respectively. The current market cap of the company is Rs. 52793.48 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 65.48%, while Institutions and Non-Institutions held 31.24% and 3.27% respectively.</p><p style="text-align: justify;">Prestige Group has acquired around 21 acres of prime land in Whitefield, Bengaluru. The acquired land will be planned for Residential Development spanning around 4 Mn Sft of developable area, comprising around 1800 apartments. The cost of acquisition is Rs 450 crore. </p><p style="text-align: justify;">Prestige Group remains committed to adhering to the highest standards of design, execution, and customer service, ensuring that every project reflects its core values of innovation, integrity, and trust.</p><p style="text-align: justify;">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.</p> |
| 01-Apr-2024 | Prestige Estates Projects acquires 50% partnership interest in Prestige Realty Ventures | <p style="text-align: justify;">Prestige Estates Projects has acquired 50% partnership interest in Prestige Realty Ventures. With this acquisition, the company will hold 99.90% partnership interest in Prestige Realty Ventures. Consideration of around Rs 165 crore to be settled within the forthcoming 90 days. Prestige Realty Ventures has developed commercial building ‘Prestige Techcloud' and Hotel ‘Moxy - Prestige Tech Cloud' at Bengaluru.</p><p style="text-align: justify;">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.</p><div style="text-align: justify;"><br></div> |
| 01-Apr-2024 | Prestige Group enters into strategic deal with ADIA and Kotak AIF | <p style="text-align: justify;">Prestige Group has entered into strategic deal with the Abu Dhabi Investment Authority (ADIA) and Kotak AIF. The Rs 2,001 crore ($240 million) deal is dedicated towards the development of residential projects in prominent locations across 4 cities in India.</p><p style="text-align: justify;">The collaboration with ADIA and Kotak AIF represents a considered move towards adopting strong and organic growth for Prestige Group. The deal, with its substantial size, upholds company's vision to sustain its leadership position in the industry. It is aimed at catalysing the development of early-stage residential projects, ensuring company's commitment to prudent expansion and diversified growth.</p><p style="text-align: justify;">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.</p><div style="text-align: justify;"><br></div> |
| 01-Apr-2024 | Prestige Estates Projects informs about press release | <p style="text-align: justify;">In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Prestige Estates Projects has informed that the Company through its subsidiaries, has entered into Landmark Deal with ADIA and Kotak AIF for INR 2,001 Crores (~$240 Million) to Capitalise on Growth opportunities in Residential Sector; by developing projects with Gross Development Value (GDV) of INR 18,000 Crores across 4 cities+. The company has enclosed press release for the same.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 01-Apr-2024 | Prestige Estates Projects shines on acquiring 50% partnership interest in Prestige Realty Ventures | <p style="text-align: justify;">Prestige Estates Projects is currently trading at Rs. 1245.00, up by 75.05 points or 6.41% from its previous closing of Rs. 1169.95 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1185.00 and has touched a high and low of Rs. 1256.10 and Rs. 1185.00 respectively. So far 15444 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1440.00 on 15-Jan-2024 and a 52 week low of Rs. 400.20 on 31-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1256.10 and Rs. 1106.30 respectively. The current market cap of the company is Rs. 49049.43 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 65.48%, while Institutions and Non-Institutions held 31.24% and 3.27% respectively.</p><p style="text-align: justify;">Prestige Estates Projects has acquired 50% partnership interest in Prestige Realty Ventures. With this acquisition, the company will hold 99.90% partnership interest in Prestige Realty Ventures. Consideration of around Rs 165 crore to be settled within the forthcoming 90 days. Prestige Realty Ventures has developed commercial building ‘Prestige Techcloud' and Hotel ‘Moxy - Prestige Tech Cloud' at Bengaluru.</p><p style="text-align: justify;">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.</p> |
