{ }
001122334455554433221100
001122334455554433221100

prestige estates aims for 10000 crore revenue from mumbai and pune markets

Prestige Estates Projects Ltd aims to achieve an annual revenue of Rs 10,000 crore from the Mumbai and Pune markets, which will account for about 20% of its targeted group revenue by 2030. CEO Tariq Ahmed outlined plans for both residential and commercial developments, including the Prestige Jasdan Classic project in Mahalakshmi and the Siesta project in Mulund, expected to generate Rs 2,500 crore. The company is focused on expanding its footprint in western India, emphasizing redevelopment and integrated townships.

UBS Projects Strong Growth for Prestige Estates DLF and Oberoi Realty

UBS is optimistic about the Indian real estate sector, forecasting a 15% CAGR in residential pre-sales from FY24 to FY29, driven by high affordability, regulatory reforms, and demographic trends. The brokerage has set target prices of ₹2,175 for Prestige Estates and ₹1,005 for DLF, indicating significant upside potential, while assigning a 'Neutral' rating to Oberoi Realty with a target of ₹2,230. Despite potential near-term market softness, UBS encourages viewing dips as buying opportunities, highlighting a sustainable upcycle supported by strong fundamentals.
10:29 05.12.2024

ubs recommends buying dlf and prestige estates on growth potential

UBS has initiated coverage on DLF and Prestige Estates with 'Buy' ratings, forecasting potential upsides of 18% and 27%, respectively, over the next year. While acknowledging possible near-term softness due to macroeconomic factors, UBS views any dips as buying opportunities, citing multiple tailwinds for growth in the real estate sector. Oberoi Realty received a 'Neutral' rating with a target price of ₹2,230.
09:49 03.12.2024

ubs initiates buy coverage on prestige estates and dlf amid real estate growth

UBS has initiated "buy" coverage on Prestige Estates and DLF, citing a favorable outlook for the Indian real estate sector, with projected CAGR of 15% in residential pre-sales and 25% in commercial revenue from FY24-29. The Nifty Realty index has surged over 4% recently, outperforming the Nifty 50. UBS anticipates a peak in interest rates, predicting cuts that could further support the market, especially in affordable housing.
08:29 03.12.2024

ubs initiates buy on dlf and prestige citing strong real estate tailwinds

UBS has initiated coverage on the real estate sector, recommending 'Buy' for DLF and Prestige Estates, citing the lowest inventory overhang in 15 years and strong affordability. The firm forecasts a 26% annual topline growth from FY24-29, driven by favorable market conditions and reduced leverage among top developers. While acknowledging potential near-term softness, UBS views any dips as buying opportunities, highlighting the sector's resilience and ongoing consolidation.
07:02 03.12.2024

ubs forecasts strong growth in indian property market with buy ratings

UBS has initiated coverage of India's property market, projecting a robust growth trajectory driven by strong execution capabilities and healthy balance sheets of key players like DLF Ltd. and Prestige Estates Projects Ltd. The Indian residential market is expected to experience a 15% compound annual growth rate in pre-sales from fiscal years 2024 to 2029, supported by multiple favorable factors.
00:04 03.12.2024

NSE adds 45 new stocks to futures and options trading segment

The National Stock Exchange (NSE) has expanded its futures and options (F&O) segment by adding 45 new stocks, effective November 29, 2024, increasing the total to 223. This inclusion, following SEBI’s revised criteria, aims to enhance liquidity and market participation, featuring notable stocks like LIC, Jio Financial Services, and Zomato. Analysts anticipate that this move will boost trading volumes and improve price discovery for these stocks.

foreign institutional investors remain cautious amid high valuations in india

Foreign institutional investors (FIIs) have recently halted a 38-day selling streak in Indian markets, driven by MSCI index rebalancing and political stability after the BJP-led NDA's victory in Maharashtra. However, skepticism remains as FIIs continue to express negative sentiment towards India, citing high valuations and a challenging earnings outlook. Analysts predict mid-teens growth for Nifty companies in FY25 and early FY26, suggesting potential for further earnings downgrades amidst steep valuations across sectors.

Morgan Stanley downgrades Prestige Estates citing slower pre-sales growth

Morgan Stanley has downgraded Prestige Estates to 'underweight' from 'overweight', citing disappointing pre-sales growth, achieving only 29% of its FY25 target in the first half of the fiscal year. The brokerage has reduced its price target by 15% to Rs 1,510, indicating an 11.5% potential downside. It also noted high capital expenditure in the company's IP business and weaker pre-sales momentum compared to peers.
Trending
Subcategory
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.