slide

Brokerages see up to 98% upside in this realty stock. Find out which


Prestige Estate has shed 27% from its record high of rupees 553, hit on Jan 18, 2022 to trade at rupees 403.

It has also lost 10% in 1 yr and 12% in 2023 YTD, like Nifty Realty, which shed 14% in 1 yr and 10% in 2023 YTD.

The fall has been on the back of a rising interest rate cycle and a decline in consumer demand.

Brokerage DART has a buy call on the stock with a target price of rupees 800, indicating an upside of over 98%

Brokerages remained bullish after the firm said it intends to double its overall residential sales by 2026.

Also, Prestige aims to multiply its lease income by 7x in 5 yrs and double its hotel biz by 2027


MOSL also has a buy recommendation with a target of rupees 675, implying a potential upside of over 67%.

HDFC Sec, ICICI Sec and Jefferies also have bullish outlook on Prestige with an upside between 31-56%.

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Brokerages see up to 98% upside in this realty co

After falling 27 percent from its record high of ₹553, hot on January 18, 2022, brokerages now see realty stock Prestige Estates Projects almost doubling its investor wealth in the next 1 year.

Prestige Estates Projects: After a 27% fall from its record high; brokerages now see up to 98% upside in this realty co

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Brokerages see up to 98% upside in this realty co

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