India's Prestige Estates extends losses on slow Q2 rev growth

Prestige Estates Projects

30/10/2024 03:54

** Shares of India's Prestige Estates Projects  PREG.NS 
fall ~2% at the open, extends losses to third straight session  
    ** Property developer's Q2 revenue growth slows as approval
delays weigh on new launches 
    ** The Nifty Realty index  .NIFTYREAL , which co is a part
of, sheds 0.3% in early trade 
    ** Stock has gained 36% YTD vs NIFTYREAL's ~28% rise 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))