DLF strengthens on selling 17-acre land to Lodha Developers

02 Nov 2012

DLF is currently trading at Rs. 206.90, up by 2.55 points or 1.25% from its previous closing of Rs. 204.35 on the BSE.

The scrip opened at Rs. 207.00 and has touched a high and low of Rs. 208.00 and Rs. 206.10 respectively. So far 193372 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 261.35 on 22-Feb-2012 and a 52 week low of Rs. 169.55 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 208.00 and Rs. 195.55 respectively. The current market cap of the company is Rs. 35099.80 crore.

The promoters holding in the company stood at 78.58% while Institutions and Non-Institutions held 16.36% and 5.06% respectively.

Lodha Developers has acquired realty major DLF’s 17-acre land in Mumbai for Rs 2,725 crore, the largest realty deal so far this year. In August, DLF had announced sale of this land parcel to Lodha Developers for about Rs 2,700 crore, almost four times higher than the price it had paid in 2005.

India's largest real estate company, DLF, had bought the land from National Textile Corporation for Rs 703 crore and decided to sell the land as part of the strategy to exit from non-core business.

DLF Share Price

302.90 -11.65 (-3.70%) Feb 26, 18:55
1 Year Price Chart
Peers
Company Name CMP
Dilip Buildcon 679.80
NBCC (India) 42.85
Sobha 439.55
JMC Projects (India) 74.45
Prestige Estate Proj 298.40
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Sensex vs DLF
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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