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DLF gains on the buzz to invest Rs 3500 crore in 2017

20 Feb 2017 Evaluate

DLF is currently trading at Rs. 145.40, up by 3.10 points or 2.18% from its previous closing of Rs. 142.30 on the BSE.

The scrip opened at Rs. 142.90 and has touched a high and low of Rs. 145.90 and Rs. 141.50 respectively. So far 3,57,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 169.60 on 19-Aug-2016 and a 52 week low of Rs. 83.00 on 25-Feb-2016.

Last one week high and low of the scrip stood at Rs. 152.05 and Rs. 134.40 respectively. The current market cap of the company is Rs. 25,983.00 crore.

The promoters holding in the company stood at 74.95%, while Institutions and Non-Institutions held 18.16% and 6.89% respectively.

In order to complete construction of almost all of its existing housing projects, DLF is reportedly planning to invest around Rs 3500 crore in 2017. The company has 18.5 million square feet area under construction in various housing projects, and it is targeting to complete about 15-16 million sq ft by end of this year. The company has residential projects in Delhi, Gurgaon, Hyderabad, Kochi and Panchkula among others.

DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals. Its exposure across businesses, segments and geographies, mitigates any down-cycles in the market and it has nearly 70 years of track record of sustained growth, customer satisfaction, and innovation.


DLF Share Price

567.30 -2.30 (-0.40%)
13-Apr-2026 13:49 View Price Chart
Peers
Company Name CMP
Lodha Developers 824.15
Dilip Buildcon 437.20
DLF 567.30
Oberoi Realty 1688.00
Ahluwalia Contract(I 784.70
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