Share price of DLF jumps as Sensex gains 588.07 points

Share price of DLF jumps as Sensex gains 588.07 points
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Synopsis

Promoters held 74.36 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 14.93 per cent and 3.27 per cent, respectively.

Reuters
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The share price of . gained 1.71 per cent to Rs 374.7 at 10:35AM (IST) in Thursday's trade. The stock has hit a high of Rs 375.25 and low of Rs 370.0 so far during the session. The stock had closed at Rs 368.4 in the previous session.

The counter has had a total traded volume of 61545 shares so far with a value of Rs 2.29 crore on the NSE. It traded at a price-to-earnings multiple of 55.92 and a price-to-book ratio of 2.59.

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 9.5 per cent during the past one year, while the 30-share index advanced 9.21 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-Jun-2022, while foreign investors and domestic institutional investors ownership stood at 14.93 per cent and 3.27 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 1516.28 crore for the quarter ended 30-Jun-2022, down 8.22 per cent from the previous quarter's Rs 1652.13 crore and down 22.06 per cent from the year-ago quarter's Rs 1242.27 crore.

Profit for the latest quarter stood at Rs 469.57 crore, up 39.3 per cent from the same quarter a year ago.
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