Prestige Estates surges on reporting 25% jump in sales bookings during FY23
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Prestige Estates Projects is currently trading at Rs. 461.50, up by 3.05 points or 0.67% from its previous closing of Rs. 458.45 on the BSE.
The scrip opened at Rs. 457.55 and has touched a high and low of Rs. 465.65 and Rs. 450.60 respectively. So far 18695 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 511.30 on 05-Dec-2022 and a 52 week low of Rs. 375.00 on 05-Jul-2022.
Last one week high and low of the scrip stood at Rs. 465.65 and Rs. 433.65 respectively. The current market cap of the company is Rs. 18539.85 crore.
The promoters holding in the company stood at 65.48%, while Institutions and Non-Institutions held 31.62% and 2.89% respectively.
Prestige Estates Projects’ sales bookings rose by 25 per cent to a record Rs 12,930.9 crore in the last fiscal year (FY23) on strong housing demand. Sales bookings stood at 15.09 million square feet with an average realization of Rs 8,812 per sq ft (up by 17 per cent year-on-year) for apartments/ villas/ commercial sales and average realization of Rs 4,124 per square feet (down 2 per cent y-o-y) for plot sales. The group sold more than 9,600 homes in FY23 spanning over 15 million square feet area.
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.
