DLF shares down 0.88% as Nifty drops

economictimes.indiatimes.com:

DLF Ltd. traded 0.88 per cent down in Tuesday's trade at 01:49PM (IST). Around 75,940 shares changed hands on the counter.
The stock opened at Rs 874.1 and touched an intraday high and low of Rs 883.45 and Rs 868.4, respectively, in the session so far. Shares of the company of DLF Ltd. quoted a 52-week high of Rs 967.0 and a 52-week low of Rs 402.0.

As per BSE, the total market cap of the DLF Ltd. stood at Rs 216626.9 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 1643.51 crore for the quarter ended 31-Dec-2023, up 11.32 per cent from previous quarter's Rs 1476.42 crore and up 5.38 per cent from the year-ago quarter's Rs 1559.66 crore.
The net profit for latest quarter stood at Rs 656.61 crore, up 26.46 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Mar-2024, domestic institutional investors held 3.5 per cent stake in the firm, while foreign institutional investors held 16.53 per cent and the promoters 74.08 per cent.

Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 91.16 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.