{"id":11338,"date":"2025-07-10T14:01:57","date_gmt":"2025-07-10T08:31:57","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=11338"},"modified":"2025-07-10T14:41:37","modified_gmt":"2025-07-10T09:11:37","slug":"prestige-estates-shares-rise-2-as-brokerages","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/prestige-estates-shares-rise-2-as-brokerages\/","title":{"rendered":"Prestige Estates Shares Rise 2% as Brokerages Cheer Record Q1 Performance"},"content":{"rendered":"<p data-start=\"732\" data-end=\"924\">Shares of Prestige Estates Projects rose 2% to \u20b91,678 on July 10, after the company posted its best-ever quarterly performance, drawing praise from both global and domestic brokerages.<\/p>\n<p data-start=\"926\" data-end=\"1157\">The jump in share price comes after the real estate developer released its April\u2013June quarter update, where it reported a massive 300% year-on-year jump in pre-sales to \u20b912,126.4 crore \u2014 a new all-time high for the company.<\/p>\n<blockquote data-start=\"1159\" data-end=\"1238\">\n<p data-start=\"1161\" data-end=\"1238\">\u201cThis is Prestige\u2019s strongest quarter to date,\u201d noted a market analyst.<\/p>\n<\/blockquote>\n<p data-start=\"1161\" data-end=\"1238\"><strong>Check This:<\/strong><\/p>\n<ul>\n<li data-start=\"1161\" data-end=\"1238\">\n<p class=\"fs-20\"><a href=\"https:\/\/www.niftytrader.in\/stocks-price\/prestige\/\">PRESTIGE ESTATES Stock Price<\/a><\/p>\n<\/li>\n<\/ul>\n<h2 data-start=\"1245\" data-end=\"1280\">NCR Market Leads the Charge<\/h2>\n<p data-start=\"1282\" data-end=\"1448\">A key highlight of the quarter was the strong performance in the NCR (National Capital Region) market, which contributed a whopping 59% to overall bookings.<\/p>\n<p data-start=\"1450\" data-end=\"1684\">The company sold 4,718 units across various locations, with sales volumes growing 234% to 9.55 million square feet. Additionally, collections rose 55% to \u20b94,522.7 crore, reinforcing the company\u2019s robust financial standing.<\/p>\n<h2 data-start=\"1691\" data-end=\"1723\">Brokerages Stay Positive<\/h2>\n<p data-start=\"1725\" data-end=\"1798\">The stellar numbers triggered positive reactions from top brokerages:<\/p>\n<ul data-start=\"1800\" data-end=\"1974\">\n<li data-start=\"1800\" data-end=\"1888\">\n<p data-start=\"1802\" data-end=\"1888\">Morgan Stanley maintained its <em data-start=\"1836\" data-end=\"1848\">Overweight<\/em> rating with a target price of \u20b91,700.<\/p>\n<\/li>\n<li data-start=\"1889\" data-end=\"1974\">\n<p data-start=\"1891\" data-end=\"1974\">Nuvama raised its target price to \u20b92,009 and reiterated a <em data-start=\"1953\" data-end=\"1958\">Buy<\/em> recommendation.<\/p>\n<\/li>\n<\/ul>\n<blockquote data-start=\"1976\" data-end=\"2143\">\n<p data-start=\"1978\" data-end=\"2143\">Morgan Stanley highlighted that the Q1 pre-sales exceeded expectations, supported by strong inventory movement and a healthy pipeline of upcoming launches.<\/p>\n<\/blockquote>\n<p data-start=\"2145\" data-end=\"2312\">The firm also pointed to the upcoming listing of Prestige\u2019s hotel business, suggesting it could help reduce concerns around leverage and improve financial metrics.<\/p>\n<h2 data-start=\"2319\" data-end=\"2346\">Solid Outlook Ahead<\/h2>\n<p data-start=\"2348\" data-end=\"2628\">The upbeat brokerage calls signal continued optimism in Prestige Estates\u2019 growth story. With strong demand in the NCR market, record-breaking sales, and a pipeline of launches, analysts believe the company is well-positioned for further success in the coming quarters.<\/p>\n<blockquote data-start=\"2630\" data-end=\"2748\">\n<p data-start=\"2632\" data-end=\"2748\">\u201cIt\u2019s not just about one strong quarter\u2014Prestige is showing signs of sustained momentum,\u201d said a brokerage note.<\/p>\n<\/blockquote>\n<h2 data-start=\"2755\" data-end=\"2773\">Conclusion<\/h2>\n<p data-start=\"2775\" data-end=\"3056\">With a record-breaking Q1, strong market presence in NCR, and bullish analyst calls, Prestige Estates is firmly on the investor radar. As the company gears up for more launches and possibly a hotel business listing, market watchers will be keeping a close eye on its next move.<\/p>\n<p data-start=\"2775\" data-end=\"3056\">Read Also: <a href=\"https:\/\/www.niftytrader.in\/content\/govt-pushes-large-nbfcs-to-become-banks\/\">Govt Pushes Large NBFCs to Become Banks Under 2047 Vision<\/a><\/p>\n<p class=\"s-title fw-headline\">\n","protected":false},"excerpt":{"rendered":"<p>Shares of Prestige Estates Projects rose 2% to \u20b91,678 on July 10, after the company posted its best-ever quarterly performance, drawing praise from both global and domestic brokerages. The jump in share price comes after the real estate developer released its April\u2013June quarter update, where it reported a massive 300% year-on-year jump in pre-sales to [&hellip;]<\/p>\n","protected":false},"author":2,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1329],"class_list":{"0":"post-11338","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1329,"user_id":2,"is_guest":0,"slug":"snehagandhi","display_name":"Sneha Gandhi","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/11338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=11338"}],"version-history":[{"count":3,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/11338\/revisions"}],"predecessor-version":[{"id":11345,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/11338\/revisions\/11345"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/11336"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=11338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=11338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=11338"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=11338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}