Nirmal Bang

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

A Relationship Beyond Broking

External broker reports(aggregated public sources), Nirmal Bang

External broker reports(aggregated public sources)

Equity Bottom-Up

Prestige Estates Projects / Equity Bottom-Up

<div><div><div><div><ul><li>We maintain our Buy rating on PEPL with a revised target price (TP) of Rs514 (earlier Rs 617) based on the FY24E NAV.</li><li>We have increased cap rate from 7.5% to 8.5% given the increase in interest rate.</li><li>Also, we have increased inflation rate of cost component from 5% to 5.5% given the increase in input costs.</li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We maintain our Buy rating on PEPL with a revised target price (TP) of Rs514 (earlier Rs 617) based on the FY24E NAV.We have increased cap rate from 7.5% to 8.5% given the increase in interest rate.Also, we have increased inflation rate of cost component from 5% to 5.5% given the increase in input costs.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Prestige Estates Projects - Blackstone Deal Conclusion Should Boost Liquidity and Reduce Debt