DLF is currently trading at Rs. 215.00, up by 4.05 points or 1.92% from its previous closing of Rs. 210.95 on the BSE.
The scrip opened at Rs. 212.90 and has touched a high and low of Rs. 215.90 and Rs. 212.90 respectively. So far 76,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 387.40 on 15-Oct-2010 and a 52 week low of Rs. 173.40 on 17-Aug-2011.
Last one week high and low of the scrip stood at Rs. 242.00 and Rs. 204.10 respectively. The current market cap of the company is Rs. 36,509.00 crore.
The promoters holding in the company stood at 78.60% while Institutions and Non-Institutions held 15.97% and 5.43% respectively.
Realty major, DLF is likely to launch projects, which visualize an investment of up to Rs 1,500 crore by the end of this quarter with continued focus on sale of plots. It plans to introduce 2.5 million sq ft of projects in Chandigarh having value of Rs 1,000 crore.
The company is going to launch more projects in the second half of this fiscal with total planned launches of 7-8 million sq ft. It will offer 4-4.5 million sq ft of plots for sales in the remaining two quarters of this fiscal. The company also plans to sell these plots in New Chandigarh, Gurgaon, Panchkula and Lucknow and it will launch 2.5-3 million sq ft of group housing projects in Gurgaon and Bangalore.
The company’s net profit for the quarter has zoomed146.61% at Rs 302.57 crore as compared to Rs 122.69 crore for the corresponding quarter of the previous year. The company’s total income has increased by 59.90% at Rs 1241.69 crore for the second quarter of the current fiscal from Rs 776.56 crore for the corresponding quarter of the previous year.