Latest news with #PrestigeEstatesProjectsLtd.
Economic Times
6 days ago
- Business
- Economic Times
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. ADVERTISEMENT 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. Among the 50 stocks in the Nifty index, 38 were trading in the green, while 12 were in the red. ADVERTISEMENT 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. (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
11-06-2025
- Business
- Mint
Singapore-backed realty company bets on India entertainment boom
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. More stories like this are available on Disclaimer: This story has been published from a wire agency feed without modifications to the text.
Economic Times
05-06-2025
- Business
- Economic Times
Stock market update: Nifty Realty index advances 1.75%
NEW DELHI: The Nifty Realty index closed on a positive note on Thursday. ADVERTISEMENT Shares of Sobha Ltd.(up 5.7 per cent), Brigade Enterprises Ltd.(up 3.98 per cent), Prestige Estates Projects Ltd.(up 2.82 per cent), DLF Ltd.(up 2.78 per cent) and Godrej Properties Ltd.(up 2.13 per cent) ended the day as top gainers in the pack. On the other hand, Phoenix Mills Ltd.(down 1.68 per cent) and Anant Raj Ltd.(down 0.07 per cent) finished as the top losers of the day. The Nifty Realty index closed 1.75 per cent up at 993.1. Benchmark NSE Nifty50 index ended up 130.71 points at 24750.9, while the BSE Sensex stood up 443.79 points at 81442.04. Among the 50 stocks in the Nifty index, 32 ended in the green, while 18 closed in the red. ADVERTISEMENT Shares of Vodafone Idea, Reliance Power, Eternal, YES Bank and Suzlon Energy were among the most traded shares on the NSE. Shares of Oricon Enterprises, NDR Auto Components, Welspun Investments, Privi Speciality Chemicals and Welspun Corp hit their fresh 52-week highs in today's trade, while Uma Exports, Navkar Builders, Shree Ram Proteins, Lasa Supergenerics and Axita Cotton hit their fresh 52-week lows. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
02-06-2025
- Business
- Economic Times
Stock market update: Nifty Realty index advances 0.32% in a weak market
NEW DELHI: The Nifty Realty index traded positive around 10:15AM(IST)on Monday in a weak market. ADVERTISEMENT Prestige Estates Projects Ltd.(up 3.78 per cent), Brigade Enterprises Ltd.(up 1.04 per cent), Phoenix Mills Ltd.(up 0.78 per cent), Sobha Ltd.(up 0.56 per cent) and Oberoi Realty Ltd.(up 0.06 per cent) were among the top gainers. Anant Raj Ltd.(down 0.58 per cent), Godrej Properties Ltd.(down 0.46 per cent), Macrotech Developers Ltd.(down 0.43 per cent) and DLF Ltd.(down 0.35 per cent) were the top losers on the index. The Nifty Realty index was up 0.32 per cent at 952.35 at the time of writing this report. Benchmark NSE Nifty50 index was down 169.8 points at 24580.9, while the BSE Sensex was down 614.82 points at 80836.19. Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red. ADVERTISEMENT Shares of Reliance Power, YES Bank, Niva Bupa Health Ins, Vodafone Idea and Suzlon Energy were among the most traded shares on the NSE. Shares of IFB Agro, Pennar Ind, Lumax Auto Tech, BSE and Madhya Bharat Agro hit their fresh 52-week highs in today's trade, while Navkar Builders, Varanium Cloud, SKIL Infrastructure, Gujarat Lease and Signpost India hit fresh 52-week lows in trade. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
29-05-2025
- Business
- Time of India
Stock market update: Nifty Realty index falls 0.23% in an upbeat market
NEW DELHI: The Nifty Realty index traded negative around 10:09AM(IST)on Thursday in an upbeat market. Prestige Estates Projects Ltd.(up 2.84 per cent), DLF Ltd.(up 1.66 per cent), Brigade Enterprises Ltd.(up 0.72 per cent) and Anant Raj Ltd.(up 0.7 per cent) were among the top gainers. Godrej Properties Ltd.(down 2.29 per cent), Macrotech Developers Ltd.(down 2.03 per cent), Oberoi Realty Ltd.(down 1.2 per cent), Sobha Ltd.(down 1.01 per cent) and Phoenix Mills Ltd.(down 0.95 per cent) were the top losers on the index. The Nifty Realty index was down 0.23 per cent at 942.7 at the time of writing this report. Benchmark NSE Nifty50 index was up 86.0 points at 24838.45, while the BSE Sensex was up 303.82 points at 81616.14. Live Events Among the 50 stocks in the Nifty index, 39 were trading in the green, while 11 were in the red. Shares of Vodafone Idea, IFCI, MMTC, Reliance Power and Sagility India were among the most traded shares on the NSE. Shares of IFB Agro, Quality Power Electr, Shree Global, Kavita Fabrics and AXISCADES Engg Tech hit their fresh 52-week highs in today's trade, while Lasa Supergenerics, Bharat Rasayan, Orchid Pharma, Borana Weaves and California Soft(PP)hit fresh 52-week lows in trade.
