DLF shares up 1.12% as Nifty gains

DLF shares up 1.12% as Nifty gains
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Synopsis

The stock quoted a 52-week high price of Rs 449.8 and low of Rs 231.95.

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India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
Shares of DLF Ltd. rose 1.12 per cent to Rs 388.85 in Wednesday's trade. It hit an intraday high of Rs 391.55 and low of Rs 385.3, respectively, during the day.

The stock quoted a 52-week high price of Rs 449.8 and low of Rs 231.95.

As of 12:07PM (IST), the counter saw total traded volume of 56,319 shares with a traded value of Rs 2.18 crore, according to NSE.

The stock had closed at Rs 384.55 in the previous session.

The scrip has declined -2.97 per cent in the past one month till date, while the benchmark BSE Sensex has gained 2.01 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 61.08 while price-to-book ratio stood at 2.01. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Real Estate industry.

Promoter/FII Holding
Promoters held 74.36 per cent stake in the company as of 31-Dec-2021, while FII and MF ownership in the firm 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. Its net 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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