The global brokerage house has come out with a price target of Rs 260, implying 23 percent potential upside from Thursday's closing levels.
Prestige Estates Projects shares gained more than 4 percent intraday on March 15 after Deutsche Bank initiated coverage with a buy call on the stock, citing attractive valuations.
The global brokerage house has come out with a price target of Rs 260, implying 23 percent potential upside from closing levels on March 14
The stock was quoting at Rs 216.30, up Rs 5.05, or 2.39 percent on the BSE, at 13:37 hours IST.
Commercial business gained relative significance and cyclical momentum remained supportive, the brokerage said, adding residential launch momentum has been improving and value mix has been drifting towards better cash flows segment.Disclaimer: The above report is compiled from information available on public platforms. Moneycontrol advises users to check with certified experts before taking any investment decisions.The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .