DLF shares up 1.5% as Nifty drops

DLF shares up 1.5% as Nifty drops
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Synopsis

A total of 391,207 shares changed hands on the counter till 01:13PM (IST).

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
NEW DELHI: Shares of DLF Ltd. traded 1.5 per cent up in Wednesday's trade at 01:13PM (IST). Around 391,207 shares changed hands on the counter.

The stock opened at Rs 388.25 and touched an intraday high and low of Rs 403.35 and Rs 388.25, respectively, in the session so far. Shares of the company of DLF Ltd. quoted a 52-week high of Rs 449.8 and a 52-week low of Rs 231.95.

Total market cap of the DLF Ltd. stood at Rs 99061.97 crore at the time of writing this report.

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

The net profit for latest quarter stood at Rs 379.48 crore, down 15.89 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2021, DIIs held 2.63 per cent stake in the company, while foreign institutional investors held 17.21 per cent and the promoters 74.95 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 62.84 and a price-to-book ratio of 2.01. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

DLF Ltd. belongs to the Real Estate industry.

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