DLF gains as board to consider offer of securities

The announcement was made during trading hours today, 5 March 2013.

Meanwhile, the BSE Sensex was up 126.97 points, or 0.67%, to 19,004.93.

On BSE, 98,000 shares were traded in the counter as against an average daily volume of 9.79 lakh shares in the past one quarter.

The stock hit a high of Rs 258 and a low of Rs 251 so far during the day. The stock had hit a 52-week high of Rs 287.40 on 28 February 2013. The stock had hit a 52-week low of Rs 169.55 on 4 June 2012.

The stock had underperformed the market over the past one month till 4 March 2013, sliding 7.17% compared with the Sensex's 4.42% fall. The scrip had, however, outperformed the market in past one quarter, rising 17.81% as against Sensex's 2.43% fall.

India's largest real estate developer by market capitalisation has an equity capital of Rs 339.74 crore. Face value per share is Rs 2.

DLF said its board will also consider calling of an extraordinary general meeting (EGM) on 4 April 2013, for seeking shareholders approval for the above purpose.

The promoters of DLF held a 78.58% stake in the company as of 31 December 2012 and have until June 2013 to lower it to 75% as per regulatory norms.

DLF's consolidated net profit rose 10.46% to Rs 285 crore on 4% fall in revenue to Rs 2291 crore in Q3 December 2012 over Q3 December 2011.

DLF's primary business is development of residential, commercial and retail properties.

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