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DLF gains on plan to raise Rs 5,000 crore via debentures

05 Aug 2014 Evaluate

DLF is currently trading at Rs 205.65, up by 4.35 points or 2.16% from its previous closing of Rs 201.30 on the BSE.

The scrip opened at Rs. 200.30 and has touched a high and low of Rs 206.40 and Rs. 198.65 respectively. So far 1234268 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs 242.80 on 09-Jun-2014 and a 52 week low of Rs 120.25 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs 204.50 and Rs 190.20 respectively. The current market cap of the company is Rs 36469.82 crore.

The promoters holding in the company stood at 74.92% while Institutions and Non-Institutions held 20.36% and 4.72% respectively.

DLF, one of the largest real estate companies in India is planning to raise Rs 5,000 crore by way of private placement of non-convertible debentures. The company is currently waiting for shareholders’ approval for this proposal as well as to reduce the borrowing capacity of the company to Rs 30,000 crore from earlier Rs 50,000 crore. Meanwhile, in order to augment long-term resources for business needs through issue of NCDs, the company may offer to invite subscription for NCDs in one or more tranches.

Recently, the company has reported 51.62% growth in Q1FY15 net profit of Rs 72.64 crore as against Rs 150.16 crore in the corresponding quarter of the previous year. Its total income has decreased by 26.54% to Rs 762.38 crore for the quarter under review from Rs 1037.83 crore for the corresponding quarter of the previous year.

 

Peers
Company Name CMP
Lodha Developers 1085.80
Prestige EstatesProj 1427.85
Dilip Buildcon 405.85
DLF 623.00
Oberoi Realty 1710.20
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