DLF soars 9% on plans of launching Real Estate Investment Trust

Shares of DLF Ltd have surged 9.35% and are trading at Rs. 107.05 on media reports of the company’s plans to launch Real Estate Investment Trust. The company has also recently given contract to construct its new office in Gurgaon to DLF to Larsen & Toubro.

DLF Ltd opened at Rs. 100.7 and has touched a high and low of Rs. 107.65 and Rs. 99.2 respectively. So far 19696675(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 17457.81 crore.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 169.15 on 06-Apr-2015 and a 52 week low of Rs. 72.5 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 99 and Rs. 83 respectively.

The promoters holding in the company stood at 74.99 % while Institutions and Non-Institutions held 18.7 % and 6.31 % respectively.

The stock is currently trading below its 200 DMA.

Source-IIFL

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