DLF soars on reporting 16% rise in sales bookings during H1 of FY20

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DLF is currently trading at Rs. 206.90, up by 3.70 points or 1.82% from its previous closing of Rs. 203.20 on the BSE.

The scrip opened at Rs. 200.90 and has touched a high and low of Rs. 208.00 and Rs. 199.45 respectively. So far 663802 shares were traded on the counter.

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The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 209.70 on 08-Nov-2019 and a 52 week low of Rs. 133.90 on 01-Oct-2019.

Last one week high and low of the scrip stood at Rs. 209.70 and Rs. 182.20 respectively. The current market cap of the company is Rs. 50818.15 crore.

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The promoters holding in the company stood at 74.95%, while Institutions and Non-Institutions held 19.44% and 5.61% respectively.

DLF has reported 16 percent rise in sales bookings to Rs 1,425 crore during the first six months (H1) of current fiscal year, mainly due to demand for its ready-to-move-in residential units. The company had achieved sales bookings of Rs 1,225 crore in the same period a year ago.

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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.