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DLF surges on selling four acres of land in Kochi for Rs 111 crore

21 Aug 2015 Evaluate

DLF is currently trading at Rs. 121.35, up by 1.20 points or 1.00% from its previous closing of Rs. 120.15 on the BSE.

The scrip opened at Rs. 116.80 and has touched a high and low of Rs. 122.15 and Rs. 114.35 respectively. So far 455919 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 202.60 on 21-Aug-2014 and a 52 week low of Rs. 94.35 on 29-Jul-2015.

Last one week high and low of the scrip stood at Rs. 134.90 and Rs. 114.35 respectively. The current market cap of the company is Rs. 21421.73 crore.

The promoters holding in the company stood at 74.89% while Institutions and Non-Institutions held 20.45% and 4.65% respectively.

In a bid to boost cash flows and reduce debt, DLF has sold four acres of land in Kochi for Rs 111 crore. The company has sold the same as part of its plan to sell non-core assets.

Realty major has been selling non-core land parcel and businesses for the last three-four years to focus on its core real estate business as well as to improve its cash flows and reduce debt. The country’s largest realty firm has raised more than Rs 10,000 crore through this process. DLF's net debt increased to Rs 21,598 crore as on June 30, from Rs 20,965 crore at the end of the March quarter.

Recently, the company sold its cinema business DT Cinema for Rs 500 crore. It had sold last year hospitality chain Amanresorts to its original founder Adrian Zecha for about Rs 2,200 crore.

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.

DLF Share Price

614.65 -6.95 (-1.12%)
29-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 940.00
Dilip Buildcon 464.40
Oberoi Realty 1754.50
DLF 614.65
Ahluwalia Contract(I 866.15
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