Shares of Prestige Estates were down over 7% at Rs 158 on the Bombay Stock Exchange after the company reported 35% drop in standalone profit at Rs 65 crore in the quarter ended December 2015 compared to Rs 100 crore for the same quarter ended December 2014.
Total income for the quarter under review was also lower by 11% at Rs 572 crore compared with Rs 645 crore in the same quarter ended December 2014.
The stock opened at Rs 165 and touched a low of Rs 157. At 10:45am, over 116,000 shares were traded on both the stock exchanges.
