Share price of DLF jumps as Sensex gains 498.0 points

economictimes.indiatimes.com:

DLF Ltd. gained 0.66 per cent to Rs 491.4 at 11:52AM (IST) in Friday's trade. The counter has hit a high of Rs 494.05 and low of Rs 488.55 so far during the session.

The stock had closed at Rs 488.2 in the previous session. The counter has had a total traded volume of 32923 shares so far with a value of Rs 161.0 crore on the NSE. It traded at a price-to-earnings multiple of 58.16 and a price-to-book ratio of 2.34.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business. The scrip gained 33.66 per cent during the past one year, while the 30-share index advanced 13.11 per cent during the same period.DLF Ltd.