Friday , October 22 2021

DLF soars on selling flats worth Rs 700 crore in Gurugram housing project

DLF is currently trading at Rs. 150.15, up by 4.60 points or 3.16% from its previous closing of Rs. 145.55 on the BSE.

The scrip opened at Rs. 151.70 and has touched a high and low of Rs. 152.05 and Rs. 149.05 respectively. So far 150834 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 209.40 on 03-Apr-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. 152.05 and Rs. 138.50 respectively. The current market cap of the company is Rs. 37104.92 crore.

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

DLF has sold 376 ready-to-move-in luxury flats worth Rs 700 crore on the first day of the launch of its new housing project in Gurugram. The company has launched the second phase of its luxury residential project Ultima.

The company had launched 400 units in the first phase of the Ultima project which is spread over 22 acres. Moreover, there is zero GST on completed units.

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.

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