Share price of DLF falls as Sensex gains 11.95 points

Share price of DLF falls as Sensex gains 11.95 points
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Synopsis

Promoters held 74.36 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 16.46 per cent and 2.63 per cent, respectively.

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Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
The share price of DLF Ltd. dropped 0.14 per cent to Rs 402.15 at 11:26AM (IST) in Friday's trade. The stock has hit a high of Rs 407.05 and low of Rs 401.75 so far during the session. The stock had closed at Rs 402.7 in the previous session.

The counter has had a total traded volume of 80544 shares so far with a value of Rs 3.25 crore on the NSE. It traded at a price-to-earnings multiple of 63.28 and a price-to-book ratio of 2.01.

A higher P/E 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 31.94 per cent during the past one year, while the 30-share index advanced 21.63 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-Dec-2021, while overseas investors and domestic institutional investors ownership stood at 16.46 per cent and 2.63 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 1686.92 crore for the quarter ended 31-Dec-2021, up 8.38 per cent from the previous quarter's Rs 1556.53 crore and up 1.12 per cent from the year-ago quarter's Rs 1668.22 crore.

Profit for the latest quarter stood at Rs 379.48 crore, down 15.89 per cent from the same quarter a year ago.

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