Prestige Estates Shares Drop Post Q4 Results; Morgan Stanley Upgrades Outlook

Prestige Estates, a real estate company, saw its stock price drop after reporting weaker earnings for the last quarter.

Although the company's revenue and profits decreased, it made some gains in other areas like sales and property values.

Morgan Stanley, a financial firm, has a positive outlook on Prestige Estates, expecting strong sales growth in the coming year.

They've upgraded the stock rating and increased the price target.

Other real estate companies like DLF also got positive ratings, while Godrej Properties received a downgrade.

The real estate market is currently in a later stage of its growth cycle.