The Economic Times daily newspaper is available online now.

    DLF shares down 1.23% as Nifty gains

    Synopsis

    A total of 100,157 shares changed hands on the counter till 02:14PM (IST).

    A broker watches a TV news channel as another monitors share prices at a brokerage firm in MumbaiReuters
    On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
    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.



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    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


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    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
    The Economic Times

    Stories you might be interested in