Prestige Estates Projects reported a 26% YoY increase in net profit to Rs 292.5 crore for Q1 FY26, driven by higher revenue and strong housing demand. Pre-sales surged fourfold to Rs 12,126.4 crore, boosted by a Ghaziabad project. Analysts predict an 11% upside, with an average target price of Rs 1,787, despite recent price dips and mixed technical signals.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets