DLF slips after announcing disappointing Q2 results

DLF shed 1.39% to Rs 113.30 at 15:15 IST on BSE after consolidated net profit fell 0.04% to Rs 206.09 crore on 0.4% decline in total income to Rs 2225.66 crore in Q2 September 2016 over Q2 September 2015.

The announcement was made after market hours on Friday, 9 December 2016.

Meanwhile, the BSE Sensex was down 239.33 points, or 0.91%, to 26,504.13.

On the BSE, so far 8.06 lakh shares were traded in the counter so far, compared with average daily volume of 12.73 lakh shares in the past one quarter. The stock had hit a high of Rs 116.80 and a low of Rs 112.30 so far during the day. The stock had hit a record low of Rs 72.50 on 12 February 2016. The stock had hit a 52-week high of Rs 169.60 on 19 August 2016.

The stock had underperformed the market over the past one month till 9 December 2016, falling 3.08% compared with the Sensex's 1.85% fall. The scrip had also underperformed the market in past one quarter, declining 27.19% as against the Sensex's 7.12% fall.

The large-cap company has equity capital of Rs 356.79 crore. Face value per share is Rs 2.

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

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