DLF Share Trades New 52-Week High On Robust Q4 Results, Dividend Announcement

Shares of leading large cap real estate sector company, DLF Ltd on May 15 traded their new 52-week high after the company declared strong q4 results on Friday. Earlier, DLF Ltd on Friday declared a robust 40% surge in its consolidated net profit at Rs 569.60 crore for the quarter ended March 31, 2023 and registered a robust sales booking of Rs 15,058 crore for the whole last fiscal. Check details below:

DLF Ltd Stock Performance & Return: Current market price of DLF Ltd is Rs 459.15 per share with intraday gain of 5.33% The stock of DLF Ltd hit its new 52-week high on May 15. The stock's 52-week high price is Rs 461.65 apiece and 52-week low price is Rs 294.75 apiece, respectively. DLF Ltd's shares witnessed spurt in volume by over 1.99 times on Monday.

The company has a market capitalisation of Rs 1,13,641.56 crore.

The stock rallied 27% in last 3-months only, 13% in last 6-months, 44% in last 1-year, 83% in last 2-years, and 230% in last 3-years.

Board of DLF Ltd Approved Dividend: Board of directors of DLF Ltd also approved dividend of Rs 4 each per equity share for the 2022-23 fiscal. According to the BSE filing of the company, "The Board of Directors have recommended a dividend of Rs 4 per share, subject to approval of the shareholders."

"The strong business performance led to a healthy surplus cash generation enabling significant strengthening of our balance sheet. Consequently, our net debt now stands reduced to Rs 721 crore, one of the lowest levels," DLF said.

About DLF Ltd: DLF started with the creation of 22 urban colonies in Delhi. In 1985, the company expanded into the then-unknown region of Gurugram, creating living and working spaces for the new Indian global professionals. Today, DLF is the largest publicly listed real estate company in India, with residential, commercial, and retail properties in 15 states and 24 cities, according to its official website.