Sumeet Bagadia, a veteran market strategist, has flagged Prestige Estates Projects as a buy, anchoring his recommendation on a price target range of ₹1,810 to ₹1,888 per share. The call, featured in the Raksha Bandhan Stock Pick 2026, also comes with a stop‑loss level of ₹1,615, signalling the analyst’s confidence in the stock’s upside while managing downside risk. Prestige, a key player in the Indian real estate segment, has recently reported better‑than‑expected earnings driven by higher sales of premium residential projects and a steady pipeline of commercial developments.
The firm’s improved cash flow and reduced debt have aligned with broader optimism in the Nifty Realty index, which has outperformed the broader Nifty 50 over the past quarter. Such sectoral strength, coupled with favourable policy signals like relaxed home loan norms, adds momentum to Bagadia’s outlook. For the average salaried investor, the recommendation translates into a potential 10‑15% gain if the stock approaches the upper end of the target band, especially as the Sensex hovers around the 78,000‑80,000 mark and risk appetite remains moderate.
However, the stipulated stop‑loss at ₹1,615 serves as a reminder that any sharp correction in real‑estate sentiment or a rise in interest rates could erode gains. Investors considering adding Prestige to their portfolios should weigh the stock’s growth prospects against the inherent cyclicality of real estate. Monitoring quarterly results and macro‑economic cues will be crucial, as the stock’s trajectory will likely mirror broader market and policy developments.