Bangalore-based Prestige Estates Projects yesterday pre-launched two projects in Hyderabad, Prestige Highfields and Prestige Ivy League, that would cumulatively add about Rs 2,700 crore to the company's top line over the next few years, CMD Irfan Razack told CNBC-TV18 in an interview.
Bangalore-based Prestige Estates Projects yesterday pre-launched two projects in Hyderabad, Prestige Highfields and Prestige Ivy League, that would cumulatively add about Rs 2,700 crore to the company's top line over the next few years, CMD Irfan Razack told CNBC-TV18 in an interview.
The two projects together have developable area of 6.77 million square feet and may see average realizations of Rs 5,500 psf (Highfields) and Rs 7,000 psf (Ivy League), he added.
Prestige Estate stock price
On February 20, 2015, at 14:09 hrs Prestige Estates Projects was quoting at Rs 281.85, down Rs 0.95, or 0.34 percent. The 52-week high of the share was Rs 323.70 and the 52-week low was Rs 131.35.
The company's trailing 12-month (TTM) EPS was at Rs 10.55 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 26.72. The latest book value of the company is Rs 79.90 per share. At current value, the price-to-book value of the company is 3.53.
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