DLF plunges on SC order to pay Rs 630 crore penalty

27 Aug 2014

DLF is currently trading at Rs 182.00, down by 9.55 points or 4.99% from its previous closing of Rs 191.55 on the BSE.

The scrip opened at Rs. 192.20 and has touched a high and low of Rs. 193.85 and Rs. 181.35 respectively. So far 1270462 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. 121.00 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 203.00 and Rs. 187.60 respectively. The current market cap of the company is Rs. 32363.18 crore.

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

Supreme Court (SC) has directed DLF to submit penalty of Rs 630 crore by Competition Commission of India (CCI). The company found guilty of abusing of dominant position in Gurgaon.

Earlier in May 2014, Competition Appellate Tribunal (COMPAT) had upheld the decision of Competition Commission of India (CCI) in asking the real estate major DLF to pay a penalty of Rs 630 crore for abusing dominant position and violating section 4-2A of the Competition Act.

DLF is one of India’s largest real estate companies that has over 60 years of track record of sustained growth, customer satisfaction, and innovation. The company has 314 msf of planned projects with 52 msf of projects under construction.

DLF Share Price

212.10 -3.10 (-1.44%) Nov 20, 15:17
1 Year Price Chart
Peers
Company Name CMP
Dilip Buildcon 406.00
NBCC (India) 37.15
Sobha 398.30
DLF 212.10
JMC Projects (India) 102.30
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Sensex vs DLF
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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