Buy Prestige Estates, target price Rs 2,060: HDFC Securities

HDFC Securities recommends buying Prestige Estates Projects with a target price of Rs 2,060. Prestige Estates, currently priced at Rs 1,635.7, has reported a total income of Rs 2423.80 crore for the quarter ending September 2024. The company plans new launches in multiple cities and aims to strengthen its financial position with an upcoming hospitality IPO by FY26.