Why you should accumulate the stock of Prestige Estates
Successful conclusion of deal with Blackstone will be a catalyst The stock of Prestige Estates Projects, a Bengaluru-based realty player, has been inching up slowly since its March lows last year, thanks to favourable residential market, stable property prices and low interest rates.
The goodies doled out by the Centre for home buyers in the past year since the outbreak of Covid-19 too could benefit realty players, including Prestige. This along with the announcement in the Budget for home buyers in terms of extension of interest deductions on home loans and the Centre’s focus on affordable housing are also positives for the company.
Read more about Prestige Estate Q3 PAT skids 59% to Rs 88 cr on Business Standard. The real estate developer's consolidated net profit tanked 59.4% to Rs 87.80 crore on 31.1% decline in net sales at Rs 1,847.60 crore in Q3 December 2020 over Q3 December 2019.
Read more about Prestige Estates Projects consolidated net profit declines 63.72% in the December 2020 quarter on Business Standard. Sales decline 31.08% to Rs 1847.60 crore
Bengaluru-based Prestige Group and Awfis will jointly invest to set up these centres and also share revenues. These six centres, spread over 2 lakh square feet area, will come up at Prestige Group's commercial properties in the three cities. "The total investment in setting up these six centre is around Rs 40 crore. Both the partners are investing," Awfis founder and CEO Amit Ramani told PTI. He said all these centres will be operational between April and July this year. Ramani said the company will target not just startups and SMEs but also mid- and large-sized corporations looking to decentralise their workplaces amidst the new normal.
Stocks in the news | Bata India, Indraprastha Gas, Titan, Magma Fincorp, Majesco, Mawana Sugars
Aurobindo Pharma, Bank of India, Titan Company, Ador Welding, Magma Fincorp, Entertainment Network India, Sadbhav Infrastructure Project, JB Chemicals are also among the stocks in focus today. Here is a list of stocks in the news today. Results today | ITC, Coal India, Power Grid Corporation, ACC, Ashok Leyland, Ashapura Minechem, Atul Auto, Bajaj Hindusthan Sugar, Bayer Cropscience, Bosch, Capacite Infraprojects, CRISIL, General Insurance Corporation of India, Gujarat Pipavav Port, Graphite India, HUDCO, Infibeam Avenues, ITDC, ITD Cementation, Jaypee Infratech, KNR Constructions, MRF, Natco Pharma, NCC, NHPC, Oil India, Petronet LNG, Power Finance Corporation, Prestige Estates Projects, Spencers Retail, VA Tech Wabag and Zee Media Corporation are among 442 companies to announce their quarterly earnings.
February 11, 2021
Stocks likely to seek action today: Magma Fincorp, National Fertilizers and, Suprajit Engineering Nifty50 index is likely to open with a downward gap of 60 points on Thursday, as an indication from SGX Nifty points bearish signal. The SGX Nifty is ruling at 15,065 as against Nifty50 Feb futures Wednesday’s close of 15,119.
Asia-Pacific markets remain range-bound with a mixed trend. While Japan’s benchmark indices and China eked out marginal gains, those of Hong Kong, Australia and Thailand are ruling with moderate losses.
Overnight, the US markets closed on mixed tone with Dow ending in green while Nasdaq and S&P-500 dipping into the red, albeit only marginally.
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Share Market Highlights: Sensex jumps 222 points to end at record high, Nifty at 15,173; metal stocks lead
Stock Market News Updates Today: RIL, Bajaj twins, Airtel were among the top gainers while, Nestle, TCS, Axis Bank, L&T traded as the top losers
BusinessToday.In | February 11, 2021 | Updated 16:58 IST
Share Market LIVE News: Here's a look at the LIVE updates of the market action on BSE and NSE today
Sensex, Nifty LIVE Updates on February 11: In a volatile trading session, share market indices reversed trend and closed at new record highs on Thursday, amid mixes cues from global equities. Sensex ended 222 points higher at 15,531 and Nifty closed 66 points higher at 15,173. Meanwhile, quarterly earnings announcements by ITC, Coal India, Power Grid Corporation, ACC, Ashok Leyland, Atul Auto, Bayer Cropscience, Bosch among others will also set the tone for the stock market today. Yesterday, Sensex ended 19 points lower at 51,309 and Nifty fell 2 points to close at 15,106.
Stocks in the news: Titan, NBCC, Magma Fincorp and Bharat Petroleum
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Last Updated: Feb 11, 2021, 08:03 AM IST
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Here are a few stocks which may buzz the most in today's trade. ITC, ACC, Ashok Leyland, MRF, Bayer Crop Science, Bosch, Piramal Enterprises and Petronet LNG are among the companies slated to report their Q3 earnings on Thursday.
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Nifty futures on the Singapore Exchange traded 6.00 points, or 0.04 per cent, lower at 15,065.00 in signs that Dalal Street was headed for a muted start on Thursday. Here are a few stocks which may buzz the most in today's trade:
Dalal Street today: Quarterly earnings announcements by ITC, Coal India, Power Grid Corporation, ACC, Ashok Leyland, Atul Auto, Bayer Cropscience, Bosch among others will also set the tone for the stock market today