DLF Share Price: DLF shares up 0.21% as Nifty drops

NEW DELHI: Shares of DLF Ltd. traded 0.21 per cent up in Tuesday’s trade at 11:47AM (IST). Around 38,853 shares changed hands on the counter.

The scrip opened at Rs 533.95 and touched an intraday high and low of Rs 534.5 and Rs 527.45, respectively, in the session so far. The stock of DLF Ltd. quoted a 52-week high of Rs 544.45 and a 52-week low of Rs 336.55.

As per BSE, the total market cap of the DLF Ltd. stood at Rs 131686.58 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 74.36 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 62.91 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.

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