India's Prestige Estates tumble amid tax search

Prestige Estates Projects

27/02/2025 05:35

** Shares of Prestige Estates Projects PREG.NS fall as much as 3.7% to 1,148.5 rupees, lowest since March 28

** The real estate developer said on Tuesday that the Income Tax department is conducting search at co's registered office and other branch offices from Feb. 25

** Co did not provide further updates regarding search

** Seventeen analysts covering the stock on average have a "buy" rating; median PT is 1,805 rupees - LSEG data

** Stock has shed ~30% so far this year

 (Reporting by Ashna Teresa Britto in Bengaluru)

 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))