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DLF stock nears two-year high; surges 15% in one week

The stock of real estate developer traded higher for the fifth straight day and quoted at its highest level since February 1, 2018.

Firm hopes luxury home sales to bounce back in a few quarters 	Photo: Bloomberg
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Firm hopes luxury home sales to bounce back in a few quarters Photo: Bloomberg

SI Reporter Mumbai
Shares of DLF traded near its two-year high of Rs 254, up 4 per cent on the BSE on Monday on the back of heavy volumes on expectation of earnings improvement.

The stock of real estate developer traded higher for the fifth straight day and quoted at its highest level since February 1, 2018. In the past one week, it has rallied 15 per cent, as compared to a 3 per cent rise in the S&P BSE Sensex. 

The trading volumes on the counter jumped 1.6 times with a combined 14.2 million equity shares changed hands on the