Trending stocks: Prestige Estates Projects shares jump over 5%

NEW DELHI: Shares of Prestige Estates Projects traded 5.47 per cent up in Wednesday 's trade at 10:09AM (IST). Around 141666 shares changed hands on the counter.

The stock opened at Rs 172.0 and touched an intraday high and low of Rs 194.4 and Rs 172.0 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 423.15 and a 52-week low of Rs 149.9 .

Prestige Estates Projects Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 6772.56 Crore) operating in Real Estate sector.


Key Financials

The company reported consolidated net sales of Rs 2680.9 crore for the quarter ended 31-Dec-2019 , up 39.42 per cent from previous quarter's Rs 1922.9 crore and up 154.48 per cent from the year-ago quarter's Rs 1053.5 crore.

Bottomline for the latest quarter stood at Rs 161.8 crore, 178.49 per cent from the corresponding quarter last year .

Shareholding pattern
As of 31-Mar-2020 , DIIs held 2.8091533 per cent stake in the firm , while foreign institutional investors held 29.415556 per cent and the promoters 65.48394 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 13.63 and a price-to-book ratio of 115.7 .A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for 'nil' growth in the business.

Prestige Estates Projects Ltd. belongs to the Real Estate industry.