Buy Prestige Estates Projects, target price Rs 595: BNP Paribas

BNP Paribas has buy call on Prestige Estates Projects with a target price of Rs 595. The current market price of Prestige Estates Projects is Rs 416.1. Time period given by analyst is one year when Prestige Estates Projects Ltd. price can reach defined target.

Prestige Estates Projects Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 16637.76 Crore) operating in Real Estate sector.

Prestige Estates Projects Ltd. key Products/Revenue Segments include Income from Sale of Commercial Flats, Shops & Plots, Property Development, Other Services, Project Management Fees, Other Operating Revenue and Sale of services for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 2489.60 Crore, up 78.34 % from last quarter Total Income of Rs 1396.00 Crore and up 5.46 % from last year same quarter Total Income of Rs 2360.60 Crore. Company reported net profit after tax of Rs 939.60 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 65.48 per cent stake in the company as of 31-Mar-2022, while FIIs owned 24.28 per cent, DIIs 6.82 per cent.