Prestige Estates LLP - Angel Broking

Mr. Yash Gupta - Equity Research Associate, Angel Broking Ltd

"Prestige Estates Projects Limited has entered into a Limited Liability Partnership agreement (LLP) with Mysore Projects Private Limited, a wholly Owned Subsidiary of Brigade Enterprises limited in Prestige OMR Ventures LLP. Prestige Estates Projects Limited and Mysore Brigade Enterprises Limited are the partners in Prestige OMR Ventures LLP in the ratio of 70% and 30% respectively. Prestige Estates Projects Limited will contribute ₹29.12 crores for their share of 70% and Brigade Enterprises limited will contribute ₹12.48 crores for their share of 30. This is positive development for Prestige Estates Projects Limited."

Shares of PRESTIGE ESTATES PROJECTS LTD. was last trading in BSE at Rs.252.5 as compared to the previous close of Rs. 260.05. The total number of shares traded during the day was 50525 in over 2245 trades.

The stock hit an intraday high of Rs. 262.5 and intraday low of 247.55. The net turnover during the day was Rs. 12906667.

Source : Equity Bulls

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