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    DLF shares up 1.18% as Nifty gains

    Synopsis

    A total of 97,066 shares changed hands on the counter till 01:27PM (IST).

    Trading guideGetty Images
    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 1.18 per cent up in Tuesday's trade at 01:27PM (IST). Around 97,066 shares changed hands on the counter.

    The scrip opened at Rs 491.0 and touched an intraday high and low of Rs 500.9 and Rs 489.0, respectively, in the session so far. Shares of the company of DLF Ltd. quoted a 52-week high of Rs 500.9 and a 52-week low of Rs 294.75.

    As per BSE, the total market cap of the DLF Ltd. stood at Rs 122936.36 crore at the time of writing this report.

    Key Financials
    The company reported consolidated net 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 same quarter a year ago.

    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 60.39 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.
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