The stock ended at Rs 234, up 3%. The counter witnessed trades of 6.12 million shares on the BSE.
Updated at 1202 Hrs
The stock opened at Rs 220, down Rs 10, but soon rebounded into the positive zone. The stock then rallied to a high of Rs 241.
Currently, the stock is trading at Rs 237 - up 2.6%. It has clocked a volume of around 3 million shares so far on the BSE.
Recently, the company announced its plans to raise Rs 5,500 crore through the sale of non-core assets such as power units and hotels to help it reduce its debt. DLF’s net profit fell 41 per cent during 2008-09 to Rs 4,629 crore, while there was a 93 per cent decline in fourth quarter profits to Rs 159 crore.
The company plans to launch more mid-income housing projects in Kochi, Bangalore and Hyderabad, among other cities, and divest stakes in some hotel projects to generate liquidity in the current fiscal.
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Click here to read: DLF targets Rs 5,500 crore from asset sale
Also read: DLF to launch more mid-income projects