Prestige Estate Projects will be in focus after Nuvama reiterated a Buy rating and raised its target price to Rs 1,780 from Rs 1,662, reflecting growing confidence in the company’s sales momentum and market positioning. The stock’s current market price stands at Rs 1,484.00.
Nuvama highlighted that launches and bookings are improving, which is helping support a stronger sales trajectory for the company.
The brokerage also pointed to robust demand in the office segment, which further underpins its bullish stance on Prestige Estate’s medium-term outlook.
Additionally, Nuvama has incorporated the higher stake that the company has recently acquired in various project-specific SPVs into its valuation model, adding further visibility to potential earnings growth.
Overall, Nuvama remains positive on Prestige Estate’s ability to capitalize on strong market demand across both residential and commercial segments.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
