DLF moves up on introducing studio apartment project in Lucknow

21 Mar 2013

DLF is currently trading at Rs. 248.85, up by 0.20 points or 0.08% from its previous closing of Rs. 248.65 on the BSE.

The scrip opened at Rs. 249.90 and has touched a high and low of Rs. 252.50 and Rs. 242.00 respectively. So far 496988 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 289.20 on 12-Mar-2013 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. 286.35 and Rs. 246.50 respectively. The current market cap of the company is Rs. 42475.27 crore.

The promoters holding in the company stood at 78.58% while Institutions and Non-Institutions held 15.86% and 5.56% respectively.

Realty major, DLF has inaugurated a studio apartment project - My Pad-City Centre- in Lucknow. The project is spread over 5 acres, in order to develop 500 studio apartments and 100 shops in the next 3-4 years. This is the second housing project of the company in Lucknow after it had launched its maiden residential project - Gardencity last year.

The entity is planning to launch similar studio apartment projects in over half a dozen cities in India over the next 3-6 months. It is looking at larger cities in UP, such as Kanpur, Ghaziabad, Meerut etc to launch its future projects depending upon consumer demand and the depth of the market.

The company has reported net loss of Rs 42.11 crore for third quarter ended December 31, 2012 as compared to a net profit of Rs 355.70 crore for the same quarter in the previous year. Total income from operation of the company has decreased by 46.24% at Rs 664.52 crore for quarter under review as compared to Rs 1236.00 crore for the quarter ended December 31, 2011.

DLF Share Price

202.05 -5.60 (-2.70%) Nov 13, 18:51
1 Year Price Chart
Peers
Company Name CMP
Dilip Buildcon 408.40
NBCC (India) 39.15
Sobha 401.80
DLF 202.05
JMC Projects (India) 110.70
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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