Archive · 17 Sep 2025
Nomura Sees Upside in Prestige Estates Shares
Imagine a company called Prestige Estates that builds properties.
A company called Nomura, which helps people invest money, thinks Prestige Estates is doing really well.
Nomura suggests that the company's stocks could go up in value by about 17%.
This is because Prestige Estates is growing across India and also building hotels.
Nomura believes sales will increase a lot in the coming years.
One thing that could cause problems is if property sales slow down in Bengaluru, or if they have trouble renting out their properties.
Nomura initiated coverage on Prestige Estates with a 'Buy' recommendation.
Nomura set a price target of ₹1,900 for Prestige Estates.
The price target implies a potential upside of nearly 17%.
Nomura expects pre-sales in FY26F to reach ₹29,000 crore.
Downside risks include a slowdown in Bengaluru real estate or weaker leasing.
- Who
- Nomura
- What
- Initiated coverage on Prestige Estates with a Buy recommendation.
- When
- Tuesday
- Where
- N/A
- Why
- Nomura believes Prestige Estates is expanding its pan-India presence and building a strong annuity and hotel portfolio.
- Company
- Prestige Estates Projects Limited
- Recommendation
- Buy
- Price Target
- ₹1,900
- Potential Upside
- Nearly 17%
- Pre-sales FY26F Estimate
- ₹29,000 crore
- Stock Performance (6 months)
- Up nearly 50%
- Current Price (Tuesday)
- ₹1,624.90