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Prestige Estates Projects slips on profit booking

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Capital Market
Last Updated : May 07 2013 | 1:30 PM IST

Meanwhile, the BSE Sensex was up 120.84 points, or 0.61%, to 19,794.48.

On BSE, 6,108 shares were traded in the counter as against an average daily volume of 19,719 shares in the past one quarter.

The stock hit a high of Rs 174.95 and a low of Rs 171 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 96.25 on 24 July 2012.

The stock had underperformed the market over the past one month till 6 May 2013, rising 5.95% compared with the Sensex's 6.63% rise. The scrip had also underperformed the market in past one quarter, sliding 6.62% as against Sensex's 0.17% rise.

The mid-cap company has an equity capital of Rs 350 crore. Face value per share is Rs 10.

Prestige Estates Projects' net profit surged 227.9% to Rs 92.05 crore on 195.6% rise in net sales to Rs 487.67 crore in Q3 December 2012 over Q3 December 2011.

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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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First Published: May 07 2013 | 12:18 PM IST

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