DLF shares up 1.52% as Nifty gains
DLF Ltd. traded 1.52 per cent up in Wednesday's trade at 11:27AM (IST).
Around 70,622 shares changed hands on the counter.
The stock opened at Rs 494.55 and touched an intraday high and low of Rs 501.55 and Rs 494.55, respectively, in the session so far. The stock of DLF Ltd.
quoted a 52-week high of Rs 521.7 and a 52-week low of Rs 336.55.
Total market cap of the DLF Ltd. stood at Rs 123518.05 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 1521.71 crore for the quarter ended 30-Jun-2023, down 3.43 per cent from previous quarter's Rs 1575.7 crore and down 0.36 per cent from the year-ago quarter's Rs 1516.28 crore.
The net profit for latest quarter stood at Rs 527.0 crore, up 12.23 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Jun-2023, DIIs held 3.44 per cent stake in the company, while foreign institutional investors held 15.3 per cent and the promoters 74.95 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 59.01 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.
