DLF falls on profit booking

DLF lost 2.3% to Rs 123.15 at 14:41 IST on BSE on profit booking after gaining 11.89% in preceding five trading sessions.

Meanwhile, the BSE Sensex was down 152.45 points, or 0.59%, to 25,704.25

On BSE, so far 12.71 lakh shares were traded in the counter, compared with an average volume of 13.86 lakh shares in the past one quarter.

The stock hit a high of Rs 127.80 and a low of Rs 122.05 so far during the day. The stock had hit record low of Rs 93 on 24 August 2015. The stock hit a 52-week high of Rs 179 on 4 February 2015.

The stock had outperformed the market over the past one month till 14 September 2015, falling 6.56% compared with 7.88% fall in the Sensex. The scrip also outperformed the market in past one quarter, gaining 17.15% as against Sensex's 2.15% decline.

The large-cap company has an equity capital of Rs 356.58 crore. Face value per share is Rs 2.

Shares of DLF had gained 11.89% in preceding five trading sessions to settle at Rs 126.05 yesterday, 14 September 2015 from a recent low of Rs 112.65 on 7 September 2015.

On consolidated basis, DLF's net profit fell 4.9% to Rs 121.55 crore on 26.7% growth in total income to Rs 2345.62 crore in Q1 June 2015 over Q1 June 2014.

DLF is one of the biggest real estate development companies in India. DLF is primarily engaged in the business of development and sale of residential properties and the development and leasing of commercial and retail properties.

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