On track to exceed full-year guidance

Prestige Estates Projects (PEPL) reported strong pre-sales growth of INR 53 billion in 3QFY24, driven by the successful launch of its Prestige City project in Hyderabad.

PEPL launched three new projects with a developable area of 15 million square feet.

Sales volume increased 88% YoY to 5.5 million square feet, and blended realization increased 13% YoY to INR 9,762 per square foot.

PEPL generated operating cash flow of INR 15 billion, which was utilized for capex and land/TDR investments.

The company expects to achieve rental income of INR 7 billion by the end of FY24.

PEPL has a strong project pipeline and expects to achieve INR 265 billion in sales by FY26.

The stock has a BUY rating with a target price of INR 1,465, indicating a 33% upside potential.

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority

Take your next step

Talk to our investment advisor for stock recommendations

Get expert assistance for portfolio management

Sample report question

Sample report answer

Get FREE Stock Reports on 260+ Stocks

I wish to talk in South Indian language

By proceeding you’re agreeing to our T&C

Open Demat Account

Get FREE Stock Reports on 260+ Stocks

I wish to talk in South Indian language

By proceeding you’re agreeing to our T&C

Open Demat Account

Investor Alert :

1) KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

2) For Stock Broking Transaction 'Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day...Issued in the interest of Investors.

3) For Depository Transaction 'Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL/NSDL on the same day...Issued in the interest of investors.

4) No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

5) Investors should be cautious on unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.

Registered Office Address

Motilal Oswal Tower , Rahimtullah Sayani Road , Opposite Parel ST Depot , Prabhadevi,

Mumbai - 400025

query@motilaloswal.com

022 3828 1085

Correspondence Address

Palm Spring Centre, 2nd Floor, Palm Court Complex, New Link Road, Malad (West),

Mumbai - 400 064.

022 7188 1000

Download Our App

Offerings
Indian Stocks (Equity)
Derivatives
Commodity
Currency
IPO
Mutual Funds
Trading View
NRI

Market
Equity
Derivatives
Commodity
Currency
Equity Gainers & Losers
Commodity Gainers & Losers
Currency Gainers & Losers

Accounts
Trading Account
IPO Account
Intraday Trading Account
Equity Trading Account
Currency Trading Account
Commodity Trading Account
Futures & Options Trading Account

Research
Research reports
Advisory

Learn
EDUMO
Articles
Blogs
MOSE

Popular Stocks
HDFC Bank
ICICI Bank
SBI Life
TCS
Titan
Tata Consumer
UPL
Divislab
Britannia
ONGC

Partner with us
Open a Franchisee
Become a Digital Partner
Become a Channel Partner
Become an Agent Remisier

Upcoming IPOs
Upcoming IPOs
IPO Calender

Upcoming IPOs in 2023

Upcoming IPOs in March 2023

Support
Contact us
FAQ’s
Locate us

Quick links
BSE
NSE
SEBI
MOFSL-Important Links
Investor Relations
Disclaimer
Cookie Policy
Investor Education
Open Demat Account

Quick links

MOFSL-Important Links

Others
Privacy Policy
Cyber Security
Investor Charter
Referral Associate
GDPR Privacy Policy
Downloads
Smartodr

Motilal Oswal Financial Services Limited. (MOFSL) Member of NSE, BSE, MCX, NCDEX - CIN no.: L67190MH2005PLC153397

Registered Office Address: Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025; Tel No.: 022 - 71934200 / 71934263;Website www.motilaloswal.com. Correspondence Office Address: Palm Spring Centre, 2nd Floor, Palm Court Complex, New Link Road, Malad (West), Mumbai- 400 064. Tel No: 022 7188 1000. Registration Nos.: Motilal Oswal Financial Services Ltd. (MOFSL)*: INZ000158836 (BSE/NSE/MCX/NCDEX);CDSL and NSDL: IN-DP-16-2015; Research Analyst: INH000000412. AMFI: ARN 146822;Insurance Corporate Agent: CA0579 .Motilal Oswal Asset Management Company Ltd. (MOAMC): PMS (Registration No.: INP000000670); PMS and Mutual Funds are offered through MOAMC which is group company of MOFSL. Motilal Oswal Wealth Management Ltd. (MOWML): PMS (Registration No.: INP000004409) is offered through MOWML, which is a group company of MOFSL. Motilal Oswal Financial Services Ltd. is a distributor of Mutual Funds, PMS, Fixed Deposit, Bond, NCDs, Insurance Products, Investment advisor and IPOs.etc. *Research & Advisory services is backed by proper research. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Please read the Risk Disclosure Document prescribed by the Stock Exchanges carefully before investing. There is no assurance or guarantee of the returns. #Such representations are not indicative of future results. Investment in securities market are subject to market risk, read all the related documents carefully before investing. Details of Compliance Officer: Name: Neeraj Agarwal, Email ID: na@motilaloswal.com, Contact No.:022-40548085. Customer having any query/feedback/ clarification may write to query@motilaloswal.com. In case of grievances for services like Stock Broking, Research Analyst or any other services rendered by Motilal Oswal Financial Services Limited (MOFSL) write to grievances@motilaloswal.com, for DP to dpgrievances@motilaloswal.com

Motilal Oswal Commodities Broker Pvt. Ltd. - Member of MCX, NCDEX - CIN U65990MH1991PTC060928

Registration Numbers: MCX 29500, NCDEX -NCDEX-CO-04-00114. FMC Unique membership code : MCX : MCX/TCM/CORP/0725, NCDEX: NCDEX/TCM/CORP/0033. Website: www.motilaloswal.com Investment in Commodities is subject to market risk and there is no assurance or guarantee of the returns. Please read the Risks Disclosure Document and Do's & Don'ts prescribed by the commodity Exchanges carefully before investing. Details of Compliance Officer: Name: Ms Sharmilee Chitale, Email ID: sc@motilaloswal.com, Contact No.:022-38281085.Customer having any query/feedback/ clarification may write to query@motilaloswal.com. In case of grievances for Commodity Broking write to commoditygrievances@motilaloswal.com

“Attention Investors

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 and BSE vide notice no. 20200731-7 dated July 31, 2020 and 20200831-45 dated August 31, 2020 dated August 31, 2020 and other guidelines issued from time to time in this regard

5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
Issued in the interest of Investors"

Investor Alert

1. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary

2. For Stock Broking Transaction 'Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day...Issued in the interest of Investors.

3. For Depository Transaction 'Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL/NSDL on the same day...Issued in the interest of investors.

4. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

5. Investors should be cautious on unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.

This is to inform that, many instances were reported by general public where fraudsters are cheating general public by misusing our brand name Motilal Oswal. The fraudsters are luring the general public to transfer them money by falsely committing attractive brokerage / investment schemes of share market and/or Mutual Funds and/or personal loan facilities. Though we have filed complaint with police for the safety of your money we request you to not fall prey to such fraudsters. You can check about our products and services by visiting our website www.motilaloswal.com. You can also write to us at query@motilaloswal.com, to know more about products and services.