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    DLF shares up 0.48% as Nifty gains

    Synopsis

    A total of 193,125 shares changed hands on the counter till 12:30PM (IST).

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    India 10-year bond yield jumped 0.38 per cent to 6.03 after trading in 6.01 - 6.04 range.
    NEW DELHI: Shares of DLF Ltd. traded 0.48 per cent up in Monday's trade at 12:30PM (IST). Around 193,125 shares changed hands on the counter.

    The scrip opened at Rs 470.55 and touched an intraday high and low of Rs 481.0 and Rs 469.4, respectively, in the session so far. The stock of DLF Ltd. quoted a 52-week high of Rs 481.0 and a 52-week low of Rs 294.75.

    As per BSE, the total market cap of the DLF Ltd. stood at Rs 117317.4 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 company, 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 57.63 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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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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