Share price of DLF falls as Sensex drops 33.78 points

Share price of DLF falls as Sensex drops 33.78 points
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Synopsis

Promoters held 74.36 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 17.0 per cent and 2.35 per cent, respectively.

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
The share price of Ltd. dropped 0.3 per cent to Rs 422.25 at 11:40AM (IST) in Wednesday's trade. The stock has hit a high of Rs 426.5 and low of Rs 419.0 so far during the session. The stock had closed at Rs 423.5 in the previous session.

The counter has had a total traded volume of 75839 shares so far with a value of Rs 3.2 crore on the NSE. It traded at a price-to-earnings multiple of 63.42 and a price-to-book ratio of 2.01.

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 124.36 per cent during the past one year, while the 30-share index advanced 38.77 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 30-Sep-2021, while foreign investors and domestic institutional investors ownership stood at 17.0 per cent and 2.35 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 1556.53 crore for the quarter ended 30-Sep-2021, up 25.3 per cent from the previous quarter's Rs 1242.27 crore and up 9.67 per cent from the year-ago quarter's Rs 1723.09 crore.

Profit for the latest quarter stood at Rs 378.95 crore, up 63.24 per cent from the same quarter a year ago.

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