Shares of Prestige Estates Projects Ltd. were trading over 2% higher on Friday, December 5, after brokerage firm Motilal Oswal reiterated its 'Buy' rating on the stock with a price target of ₹2,295 per share.

This target signals a potential upside of 38% from Thursday's closing price.

The brokerage said that Prestige Estates has built a well-diversified portfolio across residential, office, retail, and hospitality.

It mentioned that the company's H1FY26 incremental business development of ₹33,100 crore, along with a launch pipeline of ₹77,000 crore, is expected to drive a strong presales CAGR of 40% over FY25-28, taking presales to ₹46,300 crore by FY28.

Prestige is also expanding its office and retail footprint to 50 msf while scaling its hospitality business.

Motilal Oswal estimates

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