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Strong sales momentum likely for Prestige Estates
Business Standard
|June 21, 2025
Q4 launches, robust outlook spur 21% gain in stock in a month
After a muted first nine months of 2024-25 (9MFY25), which saw launch delays, Bengaluru-based real estate major Prestige Estates Projects Ltd (PEPL or Prestige) ended the financial year on a strong note. The company saw a surge in bookings or presales on the back of four new launches in the fourth quarter (Q4FY25). The sales momentum is expected to continue in FY26 on the back of new launches and sustenance sales from recent launches.
The launches in Q4 and a strong outlook have resulted in the stock gaining 21 per cent over the last month and 42 per cent over three months. The stock is the highest gainer in the real estate space for one- and three-month periods, and comfortably outperformed its peer index Nifty Realty, which generated returns of 9.8 per cent and 18.6 per cent, respectively.
This story is from the June 21, 2025 edition of Business Standard.
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