DLF rose 1% to Rs 138.40 at 15:05 IST on BSE, with the stock gaining on bargain hunting after falling 10.95% in prior three trading days.
Meanwhile, the S&P BSE Sensex was up 53.79 points or 0.29% at 18,573.23
On BSE, 17.99 lakh shares were traded in the counter as against average daily volume of 11.27 lakh shares in the past one quarter.
The stock hit a high of Rs 140.80 and a low of Rs 134.40 so far during the day. The stock had hit a 52-week high of Rs 289.20 on 12 March 2013. The stock had hit a record low of Rs 120.25 on 6 August 2013.
The stock had underperformed the market over the past one month till 23 August 2013, falling 21.48% compared with the Sensex's 8.78% fall. The scrip also underperformed the market in past one quarter, falling 35.06% as against Sensex's 5.87% fall.
The large-cap real estate firm has equity capital of Rs 356.09 crore. Face value per share is Rs 2.
Shares of DLF had declined 10.95% in prior three trading days to Rs 137.05 on 23 August 2013 from a recent high of Rs 153.90 on 20 August 2013.
DLF reported consolidated net profit of Rs 181 crore in Q1 June 2013, as against net loss of Rs 4 crore in Q4 March 2013. Revenue rose 6% to Rs 2453 crore in Q1 June 2013 over Q4 March 2013. Earnings before interest, taxation, depreciation and amortization (EBITDA) surged 29% to Rs 1055 crore in Q1 June 2013 over Q4 March 2013.
DLF said it remains committed to its debt reduction plan through various divestments. The net debt declined to Rs 20369 crore as on 30 June 2013. The company reiterates its annual guidance of net debt reduction to Rs 17500 crore by end of FY 2014.
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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