DLF shines as its arm incorporates wholly-owned subsidiary in Gujarat
DLF is currently trading at Rs. 783.65, up by 12.40 points or 1.61% from its previous closing of Rs. 771.25 on the BSE.
The scrip opened at Rs. 780.95 and has touched a high and low of Rs. 786.30 and Rs. 777.40 respectively. So far 14074 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 928.70 on 26-Sep-2024 and a 52 week low of Rs. 601.20 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 790.50 and Rs. 768.00 respectively. The current market cap of the company is Rs. 193099.07 crore.
The promoters holding in the company stood at 74.08%, while Institutions and Non-Institutions held 20.98% and 4.94% respectively.
DLF, through its material wholly-owned subsidiary, DLF Home Developers (DHDL), has incorporated a wholly-owned subsidiary named ‘Fleetrise IFSC’ in Gujarat International Finance Tec-City (‘GIFT City’), Gujarat, to tap into emerging financial hubs (hereinafter referred to as the ‘Entity’). The Entity will commence its business operations following the receipt of necessary approvals from the International Financial Services Centre and Special Economic Zone Authority(ies).
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.
