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Reduce Prestige Estates, target price Rs 1,485: ICICI Securities
ICICI Securities maintains a 'reduce' rating for Prestige Estates Projects, lowering the target price to Rs 1,485. Despite a 43% year-on-year decline in Q2FY25 gross sales bookings, the company maintains its FY25 sales target, driven by upcoming launches in Mumbai and NCR. The brokerage's revised target price factors in a recent QIP and land acquisitions.
