DLF surges on planning to launch new projects worth Rs 3,500 crore in second half of this fiscal
DLF is currently trading at Rs. 375.30, up by 5.55 points or 1.50% from its previous closing of Rs. 369.75 on the BSE.
The scrip opened at Rs. 372.75 and has touched a high and low of Rs. 378.50 and Rs. 369.75 respectively. So far 62818 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. 378.50 and Rs. 364.80 respectively. The current market cap of the company is Rs. 92205.36 crore.
The promoters holding in the company stood at 74.95%, while Institutions and Non-Institutions held 19.70% and 5.35% respectively.
DLF is planning to launch new projects worth Rs 3,500 crore during the second half of this fiscal, mainly in Gurugram and Panchkula as it seeks to tap a rising demand. The company plans to launch residential projects across Gurugram and Panchkula by March 2023 after getting requisite approvals from authorities. Besides, the company plans to launch around 3 million square feet area across residential projects.
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.
