Steady pre-sales; ask rate high for 2H but achievable

Company
31 Oct 2024
5 Min read 
  • Prestige Estates Projects reported 2QFY25 results with changes in estimates, target price, and rating.
  •  The company's financials and valuation show steady growth and performance.
  •  Sales volume dipped 56% YoY, but realizations were up 29% YoY.
  •  The company plans to launch several residential and commercial projects in different cities.
  •  The management commentary highlights the company's growth outlook and plans for leveraging and balance sheet improvement.
  •  The valuation and view suggest a 29% upside potential, reiterating a buy rating.
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