[ad_1] Brokerage firm Morgan Stanley has downgraded shares of Bengaluru-based real estate major Prestige Estates Projects Ltd. to “underweight” from its earlier rating of “overweight”. It has also cut its price target by 15% to ₹1,510 from ₹1,770 earlier. The revised price target implies a potential downside of 11% from Tuesday’s closing for Prestige Estates. […]
Prestige Estates Q2 net profit plunges 77.4% on deferred tax impact; revenue up 3% – CNBC TV18
[ad_1] Prestige Estates Projects reported a steep 77.4% year-on-year decline in net profit to ₹192.2 crore for the second quarter, driven primarily by a ₹106 crore deferred tax impact linked to recent changes in the tax code, including the removal of indexation benefits on capital gains. The company’s revenue, however, edged up by 3% to […]
Prestige Estates shares drop over 3% on dip in sales, volumes in September quarter – CNBC TV18
[ad_1] Prestige Estates Projects Ltd shares fell around 3% on Friday, October 18, after the company reported a decline in sales and volumes in the September quarter. The real estate developer registered sales of ₹4,022 crore in the second quarter, a significant drop from ₹7,093 crore from the previous year. Similarly, the first half of […]