DLF Surges by 5%; BSE REALTY Index Up 2.0%

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DLF share price has zoomed 5% and is presently trading at Rs 202.

Meanwhile, the BSE REALTY Index is at 1,948 (up 2.0%).

Among the top Gainers in the BSE REALTY Index today are DLF (up 5.1%) and INDIABULLS REAL EST (up 7.5%).

SOBHA LIMITED (down 2.1%) and MAHINDRA LIFESPACE (down 3.1%) are among the top losers today.

Over the last one year, DLF has moved down from Rs 220 to Rs 202, registering a loss of Rs 18 (down 8.1%).

On the other hand, the BSE REALTY has moved down from 2,435 to 1,948, loss of 487 points (down 20.0%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were SUNTECK REALTY (up 11.5%).

What About the Benchmark Indices?

The BSE Sensex is at 37,908 (down 0.1%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 2.8%), INDUSIND BANK (up 2.5%) and NTPC (up 2.3%). Other gainers include SUN PHARMA (up 2.2%) and BHARTI AIRTEL (up 1.2%). The most traded stocks in the BSE Sensex are YES BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 11,383 (down 0.2%). NTPC (up 3.1%) and YES BANK (up 2.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,857 to 37,908, registering a gain of 4,051 points (up 11.4%).

DLF Financial Update…

DLF net profit down at Rs 1 billion for the quarter ended December 2018, compared to a loss of Rs 41 billion a year ago. Net Sales rose 31.0% to Rs 22.2 billion during the period as against Rs 16.9 billion in October-December 2017.

For the year ended March 2018, DLF reported 1305.7% decrease in net profit to Rs 44.7 billion compared to net profit of Rs 3.7 billion during FY17.

Revenue of the company grew 18.4% to Rs 67 billion during FY18.

The current Price to earnings ratio of DLF, based on rolling 12 month earnings, stands at 169.1x. p >

This article (DLF Surges by 5%; BSE REALTY Index Up 2.0%) is authored by Equitymaster.

Equitymaster is a leading ‘independent’ equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Source: equitymaster.com

Post Author: kwiknewz

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