Share price of DLF falls as Sensex drops 259.33 points

Share price of DLF falls as Sensex drops 259.33 points
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Synopsis

Promoters held 74.36 per cent stake in the company as of 31-Mar-2021, while FII and DII ownership stood at 17.39 per cent and 1.77 per cent, respectively.

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As long as Nifty does not close above 11,720, it can slip towards 11,600.

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The share price of Ltd. dropped 2.27 per cent to Rs 250.0 at 01:32PM (IST) in Thursday's trade. The counter has hit a high of Rs 258.8 and low of Rs 246.1 so far during the session. The stock had closed at Rs 255.8 in the previous session.

The counter has had a total traded volume of 439917 shares so far with a value of Rs 11.01 crore on the NSE. It traded at a price-to-earnings multiple of -49.75 and a price-to-book ratio of 0.99.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 79.08 per cent during the past one year, while the 30-share index advanced 75.0 per cent during the same period.

DLF Ltd. belongs to the Real Estate industry.

Promotor/FII Holding
Promoters held 74.36 per cent stake in the company as of 31-Mar-2021, while overseas investors and domestic institutional investors ownership stood at 17.39 per cent and 1.77 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 1668.22 crore for the quarter ended 31-Dec-2020, down 3.18 per cent from the previous quarter's Rs 1723.09 crore and down 8.8 per cent from the year-ago quarter's Rs 1533.34 crore.

Profit for the latest quarter stood at Rs 451.18 crore, up 8.98 per cent from the same quarter a year ago.

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