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DLF trades higher on selling nearly 90 independent floors in Gurugram for over Rs 300 crore

01 Dec 2020 Evaluate

DLF is currently trading at Rs. 195.80, up by 8.70 points or 4.65% from its previous closing of Rs. 187.10 on the BSE.

The scrip opened at Rs. 189.60 and has touched a high and low of Rs. 196.60 and Rs. 189.60 respectively. So far 110282 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 266.65 on 01-Feb-2020 and a 52 week low of Rs. 114.50 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 192.00 and Rs. 179.65 respectively. The current market cap of the company is Rs. 46313.08 crore.

The promoters holding in the company stood at 74.95%, while Institutions and Non-Institutions held 20.00% and 5.06% respectively.

DLF has sold nearly 90 independent floors worth over Rs 300 crore in Gurugram and plans to launch more such projects as demand for premium residential properties has revived in last few months. The company plans to launch independent floors in DLF Phase I-IV at Gurugram, New Gurugram 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.

Peers
Company Name CMP
Lodha Developers 1085.80
Prestige EstatesProj 1436.10
Dilip Buildcon 405.95
DLF 626.10
Oberoi Realty 1711.20
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