Prestige Estates Projects gains as its group acquires around 21 acres of prime land in Bengaluru
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Prestige Estates Projects is currently trading at Rs. 1314.85, up by 9.60 points or 0.74% from its previous closing of Rs. 1305.25 on the BSE.
The scrip opened at Rs. 1338.60 and has touched a high and low of Rs. 1350.00 and Rs. 1298.40 respectively. So far 23416 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1440.00 on 15-Jan-2024 and a 52 week low of Rs. 410.30 on 06-Apr-2023.
Last one week high and low of the scrip stood at Rs. 1350.00 and Rs. 1185.00 respectively. The current market cap of the company is Rs. 52793.48 crore.
The promoters holding in the company stood at 65.48%, while Institutions and Non-Institutions held 31.24% and 3.27% respectively.
Prestige Group has acquired around 21 acres of prime land in Whitefield, Bengaluru. The acquired land will be planned for Residential Development spanning around 4 Mn Sft of developable area, comprising around 1800 apartments. The cost of acquisition is Rs 450 crore.
Prestige Group remains committed to adhering to the highest standards of design, execution, and customer service, ensuring that every project reflects its core values of innovation, integrity, and trust.
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.
