17 Sep 2025 | 5 Mins Read
Prestige Estates shares rise 2%, extend gains despite Nomura coverage
Flipitmoney
Nomura initiated coverage on Prestige Estates with a Buy rating and a target price of Rs 1,900, implying a 17% upside. The brokerage forecasts pre-sales of Rs 2,90,000 crore in FY26, 10% higher than the company's guidance, and expects annuity earnings to grow 4-5 times over four to five years. Prestige's shares rallied up to 2.3% to Rs 1,663 per share.