DLF jumps on planning to launch properties worth nearly Rs 80,000 crore over next 3-4 years
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DLF is currently trading at Rs. 915.70, up by 12.60 points or 1.40% from its previous closing of Rs. 903.10 on the BSE.
The scrip opened at Rs. 903.30 and has touched a high and low of Rs. 918.05 and Rs. 903.30 respectively. So far 109346 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 918.05 on 27-Feb-2024 and a 52 week low of Rs. 336.55 on 14-Mar-2023.
Last one week high and low of the scrip stood at Rs. 918.05 and Rs. 864.30 respectively. The current market cap of the company is Rs. 226577.66 crore.
The promoters holding in the company stood at 74.08%, while Institutions and Non-Institutions held 21.22% and 4.70% respectively.
DLF has planned to launch properties worth nearly Rs 80,000 crore over the next 3-4 years to tap rising demand for housing and commercial projects. The company sold properties worth Rs 15,000 crore during 2022-23 and is set to surpass this number in the current fiscal going by sale bookings clocked in the first three quarters.
Most of the projects to be launched for sale over the next 3-4 years would be residential and that too in luxury and ultra-luxury segments. Delhi-NCR, Mumbai, Goa, and Chennai would be the focus area of the company.
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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