India's Prestige Estates rises after Q2 profit more than doubles

Prestige Estates Projects

13/11/2025 04:56

** Shares of Prestige Estates PREG.NS rise 3% to 1,755 rupees, top gainer on Nifty Realty sub-index .NIFTYREAL which is up 1%

** Real estate developer's Q2 profit more than doubles to 4.3 billion rupees ($48.92 million); rev from ops rises ~6%

** Stock rated "buy" on avg 19 analysts covering it; median PT is 1,900 rupees, per data compiled by LSEG

** YTD, PREG up ~4% vs Nifty Realty's 10% rise

($1 = 87.8950 Indian rupees)

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))