Latest news with #PrestigeEstatesProjectsLtd
Business Upturn
6 days ago
- Business
- Business Upturn
Nitco shares jump 3% after securing additional Rs 45 crore order from Prestige Estates
Nitco Ltd. shares rose 3% in early trade after the company announced a new business development with Prestige Estates Projects Ltd. Building on previous orders worth ₹216 crore, Nitco has now received a Letter of Intent (LoI) for an additional tile supply order valued at approximately ₹45 crore. This takes the total order value from Prestige to ₹261 crore. The deal covers the supply of premium Tiles, Marble, and Mosaic products and is expected to be executed over the next 12 months. Nitco confirmed that the order is domestic and does not fall under related party transactions. Advertisement This marks a significant milestone in Nitco's long-standing collaboration with Prestige Estates—one of India's leading real estate developers. The continued partnership not only reflects strong demand for Nitco's product range but also reaffirms its execution strength in large-scale supply contracts. The development further strengthens Nitco's position in the institutional supply space and boosts its order book for FY2025- 26. Nitco shares moved in a tight range today, opening at ₹133.00 and, at the time of reaching, an intraday high of ₹135.00. The stock touched a low of ₹131.81 during the session. With its 52-week range between ₹69.00 and ₹150.00, Nitco continues to trade with moderate momentum. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Business Standard
20-06-2025
- Business
- Business Standard
Strong project pipeline to ensure sales momentum for Prestige Estates
The launches in the last quarter and a strong outlook has resulted in the stock gaining 21 per over the last month and 42 per cent over three months premium Ram Prasad Sahu New Delhi Listen to This Article After a muted first nine months of 2024-25 (9MFY25), which saw launch delays, Bangalore-based real estate major Prestige Estates Projects Ltd (PEPL or Prestige) ended the financial year on a strong note. The company saw a surge in bookings or presales on the back of four new launches in the fourth quarter (Q4FY25). The sales momentum is expected to continue in FY26 on the back of new launches and sustenance sales from recent launches. The launches in Q4 and a strong outlook have resulted in the stock gaining 21 per cent over the last month and 42 per cent over
Time of India
16-06-2025
- Business
- Time of India
Stock market update: Nifty Realty index falls 0.05% in an upbeat market
NEW DELHI: The Nifty Realty index traded negative around 10:30AM(IST)on Monday in an upbeat market. Godrej Properties Ltd .(up 0.44 per cent), Macrotech Developers Ltd.(up 0.3 per cent), Prestige Estates Projects Ltd .(up 0.28 per cent), Oberoi Realty Ltd .(up 0.1 per cent) and DLF Ltd.(up 0.1 per cent) were among the top gainers. Anant Raj Ltd .(down 1.47 per cent), Phoenix Mills Ltd .(down 0.54 per cent), Sobha Ltd.(down 0.38 per cent) and Brigade Enterprises Ltd .(down 0.12 per cent) were the top losers on the index. The Nifty Realty index was down 0.05 per cent at 1006.5 at the time of writing this report. Benchmark NSE Nifty50 index was up 101.61 points at 24820.2, while the BSE Sensex was up 330.89 points at 81449.49. Live Events Among the 50 stocks in the Nifty index, 38 were trading in the green, while 12 were in the red. Shares of Vodafone Idea, Reliance Power , RattanIndia Power , YES Bank and Suzlon Energy were among the most traded shares on the NSE. Shares of Raj Oil Mills , Camlin Fine Sc , Belrise Industries , Prabha Energy and Niraj Ispat Ind. hit their fresh 52-week highs in today's trade, while Shree Ram Proteins , Omkar Speciality, Varanium Cloud , ARSS Infra and Sadhana Nitro hit fresh 52-week lows in trade. ETMarkets WhatsApp channel )
Time of India
11-06-2025
- Business
- Time of India
Matter of Prestige: Indian realty behemoth bets on entertainment boom over shirts and skirts
Prestige Estates Projects Ltd ., which ranks among India's top five real estate developers by market value, is looking to sell more entertainment and dining spaces in malls while cutting back on apparel retailers, a top official said. 'Shopping can be done from anywhere once you know the brand, entertainment cannot be bought online,' Muhammed Ali, chief executive officer-retail of the Singapore government-backed firm said over phone. The developer, which counts Blackrock Inc. and Vanguard Inc. as its investors, plans to allocate 40% space in malls to entertainment and restaurants, twice of what its older properties offer. At the same time, retail space will be cut from as much as 85% to 60%, Ali added. His strategy mirrors the rapid transformation in India's consumer landscape driven by a combination of rising income levels, aspirations and demographics. It also comes as e-commerce is challenging traditional retail, and malls are trying to reposition themselves as experience-driven destinations with shopping, leisure and lifestyle thrown in the mix. India's top cinema chain PVR Inox Ltd. is betting on a slew of big-ticket Bollywood and Hollywood releases to bring back audiences while consultancy firm Mordor Intelligence notes that quick service restaurants are seeing a steady rise in average order value and increasingly establishing themselves in retail spaces to capture a broader customer base. Prestige plans to grow its presence to 15 malls spanning 10 million square feet in cities such as Bangalore, Mumbai, Hyderabad, and Goa by 2030. It operates four malls at present. Prestige is expanding the scope of entertainment to include physical activities that engage people of all ages and help them 'burn a few hundred calories.' Prestige shares have fallen 11% over the last year, nearly twice the decline in the NSE Realty index. The company's profit for the year ended March 31 was down 62% on year to 6.16 billion rupees ($72.1 million), the lowest in five years. Analysts at JM Financial said in a note on Monday that they expect growth in residential sales to moderate after surging in the last two to three years. That makes it imperative for Prestige and other developers to diversify their revenue stream. 'These are the things that online cannot compete with us, where senses are involved, where you need to physically be there,' said Ali, referring to entertainment and dining. The company is also focused on live performances. The new mall structure is expected to generate around 12.50 billion rupees in rentals annually by 2030, Ali said. That is a sixfold jump from a little over two billion rupees the company made in rentals in the financial year through March 2025. 'We are challenging the status quo. These malls are going to be very exciting platforms,' said Ali.
Time of India
11-06-2025
- Business
- Time of India
Matter of Prestige: Indian realty behemoth bets on entertainment boom over shirts and skirts
Prestige Estates Projects Ltd ., which ranks among India's top five real estate developers by market value, is looking to sell more entertainment and dining spaces in malls while cutting back on apparel retailers, a top official said. 'Shopping can be done from anywhere once you know the brand, entertainment cannot be bought online,' Muhammed Ali, chief executive officer-retail of the Singapore government-backed firm said over phone. The developer, which counts Blackrock Inc. and Vanguard Inc. as its investors, plans to allocate 40% space in malls to entertainment and restaurants, twice of what its older properties offer. At the same time, retail space will be cut from as much as 85% to 60%, Ali added. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kulkas yang belum Terjual dengan Harga Termurah (Lihat harga) Cari Sekarang His strategy mirrors the rapid transformation in India's consumer landscape driven by a combination of rising income levels, aspirations and demographics. It also comes as e-commerce is challenging traditional retail, and malls are trying to reposition themselves as experience-driven destinations with shopping, leisure and lifestyle thrown in the mix. Live Events You Might Also Like: India's retail has a spring in its step: High-end shopping malls India's top cinema chain PVR Inox Ltd. is betting on a slew of big-ticket Bollywood and Hollywood releases to bring back audiences while consultancy firm Mordor Intelligence notes that quick service restaurants are seeing a steady rise in average order value and increasingly establishing themselves in retail spaces to capture a broader customer base. Prestige plans to grow its presence to 15 malls spanning 10 million square feet in cities such as Bangalore, Mumbai, Hyderabad, and Goa by 2030. It operates four malls at present. Prestige is expanding the scope of entertainment to include physical activities that engage people of all ages and help them 'burn a few hundred calories.' Prestige shares have fallen 11% over the last year, nearly twice the decline in the NSE Realty index. The company's profit for the year ended March 31 was down 62% on year to 6.16 billion rupees ($72.1 million), the lowest in five years. You Might Also Like: Multiple shopping malls to open by 2026 in 7 cities with 16.6mn sq ft space: Anarock Analysts at JM Financial said in a note on Monday that they expect growth in residential sales to moderate after surging in the last two to three years. That makes it imperative for Prestige and other developers to diversify their revenue stream. 'These are the things that online cannot compete with us, where senses are involved, where you need to physically be there,' said Ali, referring to entertainment and dining. The company is also focused on live performances. The new mall structure is expected to generate around 12.50 billion rupees in rentals annually by 2030, Ali said. That is a sixfold jump from a little over two billion rupees the company made in rentals in the financial year through March 2025. 'We are challenging the status quo. These malls are going to be very exciting platforms,' said Ali. You Might Also Like: What's in store for Reliance Retail, Arvind Fashions, V-Mart & top retailers? Aggressive expansion
