InvestorQ : Prestige Estates has posted stellar results. I have not bough this stock but plan to add now. What is your opinion?
Arti Chavan made post

Prestige Estates has posted stellar results. I have not bough this stock but plan to add now. What is your opinion?

Answer
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1 year ago


Prestige Estates is part of the Irfan Razzaq group and has strong franchise in the south region. It has established a track record of timely delivery and value for money in its projects. For the June quarter, the company reported 147% growth in net sales and 122% growth in net profits. The stock has appreciated by 30% in the last one year and still looks quite attractive.

You can look to buy the stock at current prices but ideally keep a time perspective of 2-3 years. It could be a good play on the fast growing south Indian market and also a good play on the turnaround in the real estate stock company performance.