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DLF rises as GIC hikes stake to 5.01%

16 Nov 2017 Evaluate

DLF is currently trading at Rs. 205.60, up by 2.05 points or 1.01% from its previous closing of Rs. 203.55 on the BSE.

The scrip opened at Rs. 204.05 and has touched a high and low of Rs. 207.15 and Rs. 201.55 respectively. So far 443747 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 217.80 on 06-Nov-2017 and a 52 week low of Rs. 101.05 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 211.75 and Rs. 194.20 respectively. The current market cap of the company is Rs. 36706.97 crore.

The promoters holding in the company stood at 74.95%, while Institutions and Non-Institutions held 17.98% and 7.07% respectively.

Singapore’s sovereign wealth fund GIC has acquired 12.01 lakh shares of DLF through open market, pushing its stake in the company above 5%. Prior to this share purchase, GIC’s holding in the company stood at 4.94% and has now reached 5.01%.

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.

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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