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DLF shares surge by 11 percent
By siliconindia
|
Tuesday, 14 July 2009, 23:42 IST |
1 Comments
Bangalore: After facing tough times due to low demand in the real estate market, DLF showed signs of recovery as it finished as a top gainer in the market by surging 11.44 percent. Having started the day at 
270.70, the stock touched an intra-day high of 303.80. After 4,869,028 shares were traded through the day, DLF ended at 300.10 up by 30.80 from its previous close. The stock that has a P/E ratio of 32.91 has a 52 week high of 576.
DLF is a real estate development company in India. DLF's business units include homes, offices, retail malls and commercial complexes, and hotels. Recently, DLF sold its stake in an equal joint venture with Akruti City to an U.S.-based real estate fund for more than $41 million ( 2 billion). The joint venture project called Niharika is a mixed development project with both retail and commercial office facilities. The 52 week stock price chart is on the left.
Out of the 24 analysts following DLF, the consensus recommendation is hold, while eight analysts feel that the stock is an underperformer, four analysts suggest to buy the stock. Reliance Equity Advantage Fund - Retail Plan holds the highest number of DLF shares with a total of 686,697 shares in its kitty.
270.70, the stock touched an intra-day high of 303.80. After 4,869,028 shares were traded through the day, DLF ended at 300.10 up by 30.80 from its previous close. The stock that has a P/E ratio of 32.91 has a 52 week high of 576.
DLF is a real estate development company in India. DLF's business units include homes, offices, retail malls and commercial complexes, and hotels. Recently, DLF sold its stake in an equal joint venture with Akruti City to an U.S.-based real estate fund for more than $41 million ( 2 billion). The joint venture project called Niharika is a mixed development project with both retail and commercial office facilities. The 52 week stock price chart is on the left.
Out of the 24 analysts following DLF, the consensus recommendation is hold, while eight analysts feel that the stock is an underperformer, four analysts suggest to buy the stock. Reliance Equity Advantage Fund - Retail Plan holds the highest number of DLF shares with a total of 686,697 shares in its kitty.