Rajen Shah, CIO of Angel Broking told CNBC-TV18, “There were excellent numbers from Prestige Estates; very strong growth in revenue and profit. I think the trend would continue in the current year.”
“But at about 20 times the current year expected earnings, the stock seems to be fairly priced. So, I would avoid Prestige at current levels,” Shah added.
At 12:35 hours IST, the stock was quoting at Rs 179.20, up 1.36 percent amid large volumes on Bombay Stock Exchange.
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