{"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":["post-11338","post","type-post","status-publish","format-standard","has-post-thumbnail","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"},"first_name":"Sneha Gandhi","last_name":"","user_url":"https:\/\/trending.niftytrader.in\/","author_category":"1","description":"Sneha Gandhi is a passionate stock market learner and finance content writer who loves exploring market trends and sharing the latest updates with readers. She enjoys simplifying complex market news and making financial insights easy for everyone to understand."}],"_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}]}}