DLF strengthens on reporting 46% rise in sales bookings in Q2FY14

24 Feb 2014

DLF is currently trading at Rs. 143.15, up by 0.65 points or 0.46 % from its previous closing of Rs. 142.50 on the BSE.

The scrip opened at Rs. 142.25 and has touched a high and low of Rs. 143.50 and Rs. 141.05 respectively. So far 78462 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. 120.25 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 147.75 and Rs. 140.35 respectively. The current market cap of the company is Rs. 25501.48 crore.

The promoters holding in the company stood at 74.93 % while Institutions and Non-Institutions held 20.32 % and 4.75 % respectively.

DLF has reported 46% rise in its sales bookings to Rs 3,760 crore during April-December period of FY14 despite a slowdown in the real estate market. The company had sold properties worth Rs 2,575 crore in the year-ago period.

The company’s sales bookings have grown significantly on the back of successful launch of high value project Crest and Camellias in DLF Phase-V Gurgaon in the initial 4-5 months of current fiscal.

In the first quarter of 2013-14, DLF’s sales booking stood at Rs 2,430 crore but the same fell to Rs 730 crore and Rs 600 crore in the subsequent two quarters. For the entire last fiscal, sales bookings stood at Rs 3,815 crore.

DLF is one of India’s largest real estate companies that has over 60 years of track record of sustained growth, customer satisfaction, and innovation. The company has 314 msf of planned projects with 52 msf of projects under construction.

DLF Share Price

202.05 0.00 (0.00%) Nov 13, 18:51
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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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