DLF shares down 1.23% as Nifty gains

NEW DELHI: Shares of DLF Ltd. traded 1.23 per cent down in Tuesday's trade at 02:14PM (IST). Around 100,157 shares changed hands on the counter.

The counter opened at Rs 481.35 and touched an intraday high and low of Rs 481.35 and Rs 470.0, respectively, in the session so far. Shares of the company of DLF Ltd. quoted a 52-week high of Rs 481.35 and a 52-week low of Rs 294.75.

As per BSE, the total market cap of the DLF Ltd. stood at Rs 116834.71 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 1575.7 crore for the quarter ended 31-Mar-2023, up 1.03 per cent from previous quarter's Rs 1559.66 crore and up 4.63 per cent from the year-ago quarter's Rs 1652.13 crore.

The net profit for latest quarter stood at Rs 570.01 crore, up 40.63 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2023, DIIs held 3.71 per cent stake in the firm, while foreign institutional investors held 14.66 per cent and the promoters 74.36 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 57.39 and a price-to-book ratio of 2.34. 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.