DLF is currently trading at Rs. 153.55, up by 3.10 points or 2.06% from its previous closing of Rs. 150.45 on the BSE.
The scrip opened at Rs. 154.50 and has touched a high and low of Rs. 155.35 and Rs. 152.60 respectively. So far 6,07,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 169.60 on 19-Aug-2016 and a 52 week low of Rs. 89.20 on 01-Mar-2016.
Last one week high and low of the scrip stood at Rs. 155.35 and Rs. 145.30 respectively. The current market cap of the company is Rs. 27,366.00 crore.
The promoters holding in the company stood at 74.95%, while Institutions and Non-Institutions held 18.16% and 6.89% respectively.
DLF, one of the largest commercial developers in the country, is reportedly in talks with GIC for a 40% stake sale in its rental commercial property arm, DLF Cyber City. The meeting of the company’s audit committee is scheduled to take place on March 01 and the board is likely to submit a detailed plan on the execution of the stake sale.
DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals. Its exposure across businesses, segments and geographies, mitigates any down-cycles in the market and it has nearly 70 years of track record of sustained growth, customer satisfaction, and innovation.