Time period given by analyst is Intra Day when Prestige Estates Projects Ltd. price can reach defined target. .
Prestige Estates Projects Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 18599.98 Crore) operating in Real Estate sector.
Prestige Estates Projects Ltd. key Products/Revenue Segments include Income from Sale of Commercial Flats, Shops & Plots, Property Development, Other Services, Sale of services, Project Management Fees and Other Operating Revenue for the year ending 31-Mar-2020.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1473.40 Crore, down -37.58 % from last quarter Total Income of Rs 2360.60 Crore and up 13.66 % from last year same quarter Total Income of Rs 1296.30 Crore. Company reported net profit after tax of Rs 107.60 Crore in latest quarter.
Investment Rationale
After losing ~22 per cent from the recent peak, bulls regained momentum on upside. Multiple bullish candles ensures a shift of range on the upside.
Promoter/FII Holdings
Promoters held 65.5 per cent stake in the company as of March 31, 2021, while FIIs held 29.1 per cent, DIIs 3.4 per cent and public and other 2 per cent.
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