<ul data-eligibleForWebStory="true"><li>CLSA is bullish on Bandhan Bank and Prestige Estates Projects, citing solid fundamentals, scale, and momentum despite short-term hiccups.</li><li>Bandhan Bank's March quarter showed mixed performance with higher slippages impacting profits, but early stress indicators are improving. The bank aims for stabilizing credit costs in the second half of fiscal 2026.</li><li>Prestige Estates Projects, a leading housing developer, is excelling in South India with strong presales momentum and aggressive launches. It is undervalued compared to peers.</li><li>Prestige has a significant launch pipeline and unsold inventory, projecting strong performance. It aims to reach the top position in presales by fiscal 2026.</li><li>Despite its size and operations, Prestige trades at a low EV/cash EBITDA multiple compared to peers, indicating a substantial valuation gap as per CLSA.</li></ul>

CLSA's Twin Bets: Bullish On Bandhan Bank And Prestige Estates, Sees Valuation Gaps As Unwarranted

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