Trending stocks: Prestige Estates shares up nearly 1%

NEW DELHI: Shares of Prestige Estates Projects Ltd. traded 0.56 per cent up in Thursday's trade at 10:33AM (IST). Around 6,596 shares changed hands on the counter.

The counter opened at Rs 216.0 and touched an intraday high and low of Rs 227.8 and Rs 216.0, respectively, in the session so far. The stock of Prestige Estates Projects Ltd. quoted a 52-week high of Rs 426.15 and a 52-week low of Rs 133.85.

Total market cap of the Prestige Estates Projects Ltd. stood at Rs 9047.45 crore at the time of writing this report.


Key Financials
The company reported consolidated 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.

The net profit for latest quarter stood at Rs 161.8 crore, up 178.49 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 2.81 per cent stake in the company, while foreign institutional investors held 29.42 per cent and the promoters 65.48 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 17.17 and a price-to-book ratio of 1.95. 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 no growth in the business.

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