Buy Prestige Estates Projects, target Rs 302.0 : Systematix Shares & Stock

The stock was under consolidation between Rs 283 and Rs 221 for past 10 weeks. The sideways trend has formed a “Truncated Flat” pattern. And a positive breakout is seen out of the “Truncated Flat” pattern. Buy in the range of Rs 283-270 with stop loss of Rs 248 and target price of Rs 302.

Prestige Estates Projects Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of ₹ 10569.38 Cr.) operating in Construction sector.

Prestige Estates Projects Ltd. key Products/Revenue Segments include Income From Real Estate Development which contributed ₹ 1928.82 Cr to Sales Value (72.62 % of Total Sales), Property Development which contributed ₹ 316.86 Cr to Sales Value (11.93 % of Total Sales), Other Operating Revenue which contributed ₹ 289.10 Cr to Sales Value (10.88 % of Total Sales), Sale of services which contributed ₹ 73.45 Cr to Sales Value (2.76 % of Total Sales) and Project Management Fees which contributed ₹ 47.75 Cr to Sales Value (1.79 % of Total Sales)for the year ending 31-Mar-2016.