DLF shares down by 7.75 percent


DLF shares down by 7.75 percent
Bangalore: Bangalore: DLF ended the trading as one of the top losers of the day with a loss of 30.60 (7.75 percent), when none of the listed companies ended the trading in green zone. The market of DLF opened its account today with a loss of seven points to its previous close of 395. During the whole day, the stock remained shabby by touching a high of 389 and a low of 362.15. The stock touched a 52-week high of 548 and a low of 124.15. The P/E ratio of the stock is 65.30. With 762,100 units of shares, 'Sundaram BNP Paribas Select Focus - Retail Plan' holds the highest number of shares in DLF. the stock chart for 52-weeks is given on left. DLF is a real estate development company in India. The company's business units include homes, offices, retail malls, commercial complexes and hotels. In the Q1 ended June 30, 2009, DLF reported a 55 percent down in its consolidated revenue at 1,746 crore, as compared to 3,846 crore in the corresponding period last year. According to a Spokesperson of DLF, a consortium of India's DLF and IL&FS plan to raise seven billion rupees ($146 million) to part fund the construction of a metro rail system in New Delhi suburbs. Out of 25 stock analysts currently following DLF, consensus recommendation is hold, while three recommend to buy, three rate it as outperform and six recommend to sell. Among all the sectors, Realty sector was the major losers as major players preferred to book profits from the recent surge in this segment. Among other real estate companies, Ackruti City went down by 0.76 percent, Unitech slipped by 7.64 percent and Puravankara Projects down by 5.97 percent.