Prestige Estate trades jubilantly on selling space worth Rs 879 crore in Q4 FY14

Prestige Estate Projects is currently trading at Rs. 173.80, up by 7.75 points or 4.67% from its previous closing of Rs. 166.05 on the BSE. The scrip opened at Rs. 168.90 and has touched a high and low of Rs. 174.40 and Rs. 168.90 respectively. So far 6539 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 195.00 on 04-Apr-2014 and a 52 week low of Rs. 105.10 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 182.60 and Rs. 161.55 respectively. The current market cap of the company is Rs. 6069.00 crore. The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 23.64% and 1.36% respectively. Prestige Estate Projects has sold space worth Rs 879 crore in Q4 FY14 as against Rs 650.70 crore y-o-y. The company has sold space of 1.4m sq ft in Q4 versus 1.08m sq ft y-o-y. Moreover, the company’s total sales stood at Rs 4,435 crore. Prestige Estate Projects commenced operations as a partnership firm constituted under the Indian Partnership Act, 1932 on April 1, 1986 under the name and style of Prestige Estates and Properties. The partners of the firm were the Late S Razack, Irfan Razack, Rezwan Razack and Sameera Noaman.