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DLF Plunges 4%; BSE REALTY Index Down 3.5%
Thu, 3 Oct 12:15

DLF Plunges 4%; BSE REALTY Index Down 3.5%Image source: Nikada/www.istockphoto.com

DLF share price has plunged 4% and is presently trading at Rs 875.9.

Meanwhile, the BSE REALTY index is at 8,273.8 (down 3.5%).

Among the top losers in the BSE REALTY index today are Phoenix Mill (down 4.9%) and Brigade Enterprises (down 4.3%).

Over the last one year, DLF has moved up from Rs 539.3 to Rs 875.9, registering a gain of Rs 336.6 (up 62.4%).

On the other hand, the BSE REALTY index has moved up from 4,625.6 to 8,273.8, registering a gain of 78.9% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 187.4%), Sobha (up 166.4%) and Brigade Enterprises (up 135.8%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 82,980.8 (down 1.5%).

The top losers among the BSE Sensex today are Tata Motors (down 3.9%) and Asian Paints (down 3.7%). The most traded stocks in the BSE Sensex are HDFC Bank and Reliance Ind..

In the meantime, NSE Nifty is at 25,412.0 (down 1.5%). BPCL and Tata Motors are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 82,980.8, registering a gain of 17,468.7 points (up 26.7%).

DLF Financial Update...

DLF net profit grew 24.7% YoY to Rs 3,393 million for the quarter ended June 2024, compared to a profit of Rs 2,720 million a year ago. Net sales declined 4.3% to Rs 13,624 million during the period as against Rs 14,232 million in April-June 2023.

For the year ended March 2024, DLF reported 48.1% increase in net profit to Rs 16,304 million compared to net profit of Rs 11,009 million during FY23. Revenue of the company grew 12.9% to Rs 64,270 million during FY24.

The current Price to earnings ratio of DLF, based on rolling 12 month earnings, stands at 127.7.

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