Prestige Estates Projects soars on reporting over two-fold jump in sales bookings in Q3
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Prestige Estates Projects is currently trading at Rs. 540.35, up by 27.80 points or 5.42% from its previous closing of Rs. 512.55 on the BSE.
The scrip opened at Rs. 532.00 and has touched a high and low of Rs. 553.40 and Rs. 532.00 respectively. So far 183079 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 553.40 on 18-Jan-2022 and a 52 week low of Rs. 260.15 on 04-May-2021.
Last one week high and low of the scrip stood at Rs. 553.40 and Rs. 466.95 respectively. The current market cap of the company is Rs. 21702.65 crore.
The promoters holding in the company stood at 65.48%, while Institutions and Non-Institutions held 30.99% and 3.53% respectively.
Prestige Estates Projects has reported over two-fold jump in sales bookings at record Rs 4,267.6 crore for the quarter ended December. The company's sales bookings stood at Rs 2,026 crore in the year-ago period.
The Bengaluru-based Prestige group has also clocked the highest-ever collections of Rs 2,431.6 crore during the December quarter, up 70 per cent year-on-year. During April-December 2021, the company's sales bookings rose 97 per cent to record Rs 7,113.4 crore as against Rs 3,610.3 crore in the corresponding period of the previous year.
Prestige Estates Projects is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.
