DLF gains on reporting 62% rise in sales bookings during April-September FY23
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DLF is currently trading at Rs. 369.45, up by 1.90 points or 0.52% from its previous closing of Rs. 367.55 on the BSE.
The scrip opened at Rs. 369.95 and has touched a high and low of Rs. 371.30 and Rs. 368.20 respectively. So far 559181 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 444.00 on 08-Nov-2021 and a 52 week low of Rs. 294.75 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 377.05 and Rs. 362.80 respectively. The current market cap of the company is Rs. 90980.08 crore.
The promoters holding in the company stood at 74.95%, while Institutions and Non-Institutions held 19.70% and 5.35% respectively.
DLF’s sales bookings rose 62 percent year-on-year during the April-September FY23 to Rs 4,092 crore on better demand for its housing properties. Its sales bookings stood at Rs 2,526 crore in the first half of the previous financial year. DLF has given guidance of sales bookings at Rs 8,000 crore for the current 2022-23 financial year, a 10 percent increase from the previous fiscal. Its sales bookings rose to Rs 7,273 crore in the 2021-22 fiscal from Rs 3,084 crore in the previous year.
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.
