DLF up 2% on rise in sales bookings

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DLF up 2% on rise in sales bookings
Shares of real estate firm DLF spurted over 2 per cent in early trade on Bombay Stock Exchange (BSE) after company reported a 46 per cent increase in its sales bookings for the first nine months of the financial year 2014 (April-December 2013),.

DLF had sales booking of Rs 3,760 crore for the first nine months of FY13-14, at a time when other developers, including Unitech, HDIL, Oberoi Realty and Godrej Properties, are not finding enough buyers, making them post a declining number for properties sold, a Business Standard report said.

Cheering the news, shares of company gained as much as 2.28 per cent to trade at Rs 147.75 a piece on the BSE. In a similar fashion, shares of the company climbed 1.17 per cent to Rs 146.70 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 20,445.99, up 79.17 points or 0.39 per cent at 9:40 hours.

Dion Global Solutions Ltd.

Read more about: dlf, sales, bse, sensex, stock
Story first published: Monday, February 17, 2014, 12:36 [IST]
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