External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Prestige Estates Projects / Equity Bottom-Up

<ul><li>PEPL had a tough time navigating approval challenge, which resulted in weak 9MFY25 presale of INR 100bn vs INR 230bn of FY25 guidance</li><li>Whilst it may unnerve investors looking at short term, the land is not going anywhere and will eventually convert into a launch</li><li>We had written earlier in our note ‘Approval challenges may play spoil sport’ about Bengaluru facing approval issues and the delay extended by one quarter</li></ul><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>

PEPL had a tough time navigating approval challenge, which resulted in weak 9MFY25 presale of INR 100bn vs INR 230bn of FY25 guidanceWhilst it may unnerve investors looking at short term, the land is not going anywhere and will eventually convert into a launchWe had written earlier in our note ‘Approval challenges may play spoil sport’ about Bengaluru facing approval issues and the delay extended by one quarterContent 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: Readying for a Comeback. Maintain BUY