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6 stories mentioning NSE:PRESTIGE

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Asia

Market Chatter: Prestige Estates Projects Targets INR600 Billion Sales Value in Fiscal 2027

Prestige Estates Projects (NSE:PRESTIGE, BOM:533274) is targeting projects with an estimated sales value of 600 billion Indian rupees in fiscal 2027 as it prepares to launch developments across India, Bloomberg reported Friday, citing Prestige Chairman Irfan Razack.This would mark a 43% jump in sales value compared with the previous fiscal year, ended March 31, the report said.Prestige plans to launch projects in Delhi-NCR, Mumbai, Bengaluru, Hyderabad and Chennai, according to the report. Razack told Bloomberg that the company has land and inventory ready, while the timing of project launches will depend on regulatory approvals. He said that the company deferred major project launches during the quarter ending June due to delays in regulatory approvals.The recently launched Golden Grove project in Hyderabad has an estimated sales value of about 90 billion rupees, Razack told Bloomberg. Prestige holds a 73% stake in the project, the report noted.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

BOM:533274NSE:PRESTIGE
Asia

Prestige Estates Projects Announces Integrated Development at Bengaluru Airport City

Prestige Estates Projects (NSE:PRESTIGE, BOM:533274) and Bengaluru Airport City Ltd. have announced an integrated development at Bengaluru Airport City, according to a Thursday filing on Indian bourses.The development will be located within Bengaluru Airport City and is aimed at serving business travelers, corporates and event organizers, the company said.The project will include a convention and exhibition center, hotels under the St. Regis and Marriott Marquis brands, office space and food and beverage facilities, the filing said.

BOM:533274NSE:PRESTIGE
Asia

Jefferies Adjusts Prestige Estates Projects' Price Target to INR1,675 From INR1,635, Keeps at Buy

Prestige Estates Projects (NSE:PRESTIGE, BOM:533274) has an average rating of buy and mean price target of 1,780.44 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

BOM:533274NSE:PRESTIGE
Asia

Prestige Estates Projects' Consolidated Profit Jumps in Fiscal Q4

Prestige Estates Projects' (NSE:PRESTIGE, BOM:533274) consolidated attributable profit increased sharply to 2.50 billion Indian rupees in the fiscal fourth quarter, from 250 million rupees a year ago, according to an Indian bourse filing on Thursday.Shares of the real estate developer slipped 1% in Friday's trade.Earnings per share during the quarter ended March 31 soared to 5.81 rupees from the year-ago figure of 0.58 rupees.Revenue from operations in fiscal Q4 also jumped to 40.7 billion rupees from 15.3 billion rupees a year earlier.The company recommended a final dividend of 2 rupees per share for the financial year ended March 31.

BOM:533274NSE:PRESTIGE
Asia

Indian Equities Rally on Tuesday as US-Iran Talk Hopes Boost Investor Sentiment

Indian benchmark indices ended higher on Tuesday as lower crude prices and expectations of renewed U.S.-Iran talks supported risk appetite.The BSE Sensex rose 753.03 points, or 1%, to close at 79,273.33, while the NSE Nifty 50 gained 211.75 points, or 0.9%, to settle at 24,576.60.Sentiment improved on expectations of a second round of talks between the U.S. and Iran later this week. Reports indicate that a U.S. delegation led by U.S. Vice President JD Vance may return to Pakistan for discussions, with Iran also preparing to participate after earlier reluctance.Lower crude prices and buying in banking and FMCG stocks further supported the market.Among stocks, Nestlé India (NSE:NESTLEIND, BOM:500790) surged over 7% after reporting a rise in consolidated profit to 11.1 billion rupees in fiscal Q4 from 8.73 billion rupees a year earlier. Revenue from operations increased to 67.5 billion rupees from 55.0 billion rupees.Prestige Estates Projects (NSE:PRESTIGE, BOM:533274) gained over 2% after reporting initial sales of more than 1,700 units worth over 25 billion rupees for its Hyderabad residential project.

^BSENifty 50BOM:500790BOM:533274NSE:NESTLEINDNSE:PRESTIGE
Asia

Prestige Estates Projects Hits Early Sales of INR25 Billion for New Project in Hyderabad, India

Real estate developer Prestige Estates Projects (NSE:PRESTIGE, BOM:533274) achieved initial sales of over 1,700 units, amounting to a total sales value exceeding 25 billion Indian rupees, for its residential project Prestige Golden Grove, in Hyderabad, India.The milestone has been reached within two weeks of the launch of the Prestige Golden Grove project, according to a Tuesday filing to the Indian stock exchanges.Prestige Golden Grove is a residential development spanning 29 acres, comprising around 5,120 units across 10 towers, with a total estimated gross development value of 95 billion rupees.The company's shares were up over 2% in recent trade.

BOM:533274NSE:PRESTIGE