DLF shines on recording pre-formal launch sales worth Rs 8,000 crore!

Shares of the company jumped about 4% in today’s trade.

Record breaking Sales

DLF has witnessed record-breaking pre-formal launch sales of more than Rs 8,000 crore for its luxury high-rise residences; The Arbour is located at DLF Sixtythree on Golf Course Extension in Sector 63, Gurugram. The Arbour, which marks DLF’s entry into the micro market at Golf Course Extension has been fully sold out within three days even before its launch.

The luxury neighbourhood is spread over 25 acres and boasts five iconic towers that rise up to 38/39 stories. It comprises of well-appointed, spacious and elegant 1137 identical 4 BHK including study room, utility room configurations, with prices starting from Rs 7 crore onward, per unit.

Share price movement of DLF Limited

Today, the stock opened at Rs 347, with a high and low of Rs 361.20 and Rs 344.95. The stock closed trading at Rs 360, up by 3.88%.

In the last six months, the shares of the company have given about -6 per cent returns and in the last 1 year, the stock has given about 0.5% returns.

The stock has a 52-week high of Rs 418.45 and a 52-week low of Rs 294.75. The company has a ROCE of 4.84% with a market capitalisation of Rs 88,976 crore.

Company profile 

 DLF Ltd with its subsidiaries, associates and JVs is engaged in real estate development, from the identification and acquisition of land to the planning, execution, construction and marketing of projects. It is also engaged in the business of leasing, generation of power, provision of maintenance services, hospitality and recreational services which are related to the overall development of the real estate business.