Prestige Estates Projects rose 1.62% to Rs 131.85 at 11:56 IST on BSE after net profit jumped 75.85% to Rs 86.66 crore on 114.85% growth in total income to Rs 529.31 crore in Q1 June 2013 over Q1 June 2012.
The result was announced after market hours on Monday, 29 July 2013.
Meanwhile, the BSE Sensex was down 109.07 points, or 0.56%, to 19,484.21
On BSE, 31,255 shares were traded in the counter as against an average daily volume of 51,152 shares in the past one quarter.
The stock hit a high of Rs 136.95 and a low of Rs 131.10 so far during the day. The stock had hit a 52-week high of Rs 194.90 on 7 February 2013. The stock had hit a 52-week low of Rs 100.25 on 31 August 2012.
The stock had underperformed the market over the past one month till 29 July 2013, falling 15.53% compared with the Sensex's 1.02% rise. The scrip had also underperformed the market in past one quarter, sliding 22.03% as against Sensex's 1.06% rise.
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The mid-cap company has an equity capital of Rs 350 crore. Face value per share is Rs 10.
Prestige Estates Projects is one of the leading real estate development companies operating in the southern part of the country and more specifically in Bangalore.
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