DLF recovers after 3-day 7.7% slide

Meanwhile, the S&P BSE Sensex was down 38.35 points or 0.2% at 19,104.65.

On BSE, 2.53 lakh shares were traded in the counter as against average daily volume of 11.26 lakh shares in the past one quarter.

The stock hit a high of Rs 191.75 and a low of Rs 185 so far during the day. The stock had hit a 52-week low of Rs 184 on 19 June 2012. The stock had hit a 52-week high of Rs 289.20 on 12 March 2013.

The stock had underperformed the market over the past one month till 11 June 2013, sliding 21.04% compared with the Sensex's 4.87% fall. The scrip had also underperformed the market in past one quarter, falling 34.58% as against Sensex's 2.56% decline.

The large-cap real estate firm has equity capital of Rs 355.95 crore. Face value per share is Rs 2.

Shares of DLF had declined 7.7% in three trading sessions to settle at Rs 186.90 on Tuesday, 11 June 2013, from a recent high of Rs 202.50 on 6 June 2013.

DLF reported consolidated net loss of Rs 4.19 crore in Q4 March 2013, as against net profit of Rs 211.70 crore in Q4 March 2012. Net sales declined 15% to Rs 2225.55 crore in Q4 March 2013 over Q4 March 2012.

DLF'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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