News and Views
Recent Price Movement and Market Performance
On 24 November, Prestige Estates’ stock closed at ₹1,629.70, down ₹59.15 or 3.5% from the previous session. This decline continues a two-day losing streak, with the stock falling over 5% in that period. The intraday low touched ₹1,621, representing a 4.02% drop, and the weighted average price indicates that more volume was traded near this lower price point. Compared to its sector, the stock underperformed by nearly 2% on the day, signalling weaker investor sentiment relative to peers.
Over the past week and month, the stock has declined by approximately 7%, while the broader Sensex index has remained relatively flat or posted modest gains. Year-to-date, Prestige Estates is down nearly 4%, contrasting with the Sensex’s robus...
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