India's Prestige Estates rises on Q2 sales jump

Prestige Estates Projects

09/10/2025 05:03

** Prestige Estates PREG.NS rise 4.3% to 1,579.9 rupees; top gainer on Nifty Realty index .NIFTYREAL, which is up 0.8%

** Real estate developer's Q2 sales jump 50% y/y

** Nomura says co beat estimates; names co its top pick in real estate sector

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

** YTD, PREG falls 6.7% vs realty sub-index's .NIFTYREAL 16% decline

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))