DLF rose 1.05% to Rs 149.70 at 13:52 IST on BSE on media buzz that Supreme Court granted status quo on Punjab & Haryana High Court's order of reauctioning land allotted to DLF by the Haryana government.
Meanwhile, the S&P BSE Sensex was up 320 points or 1.13% at 28,758.91.
On BSE, so far 22.38 lakh shares were traded in the counter as against average daily volume of 22.54 lakh shares in the past one quarter.
The stock was volatile. The stock rose as much as 4.62% at the day's high of Rs 155 so far during the day. The stock lost as much as 2.12% at the day's low of Rs 145 so far during the day. The stock had hit a record high of Rs 242.80 on 9 June 2014. The stock had hit a 52-week low of Rs 100 on 16 October 2014.
The stock had outperformed the market over the past one month till 27 November 2014, jumping 34.07% compared with Sensex's 6.3% rise. The scrip had, however, underperformed the market in past one quarter, sliding 19.07% as against Sensex's 7.07% rise.
The large-cap real estate firm has equity capital of Rs 356.39 crore. Face value per share is Rs 2.
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According to reports, Supreme Court granted status quo on Punjab & Haryana High Court's order of reauctioning land allotted to DLF by the Haryana government. Punjab & Haryana HC had reportedly cancelled 350 acres of land allotment to DLF over a set of petitions filed by farmers challenging the acquisition and transfer of the land to DLF.
On consolidated basis, DLF's net profit rose 9% to Rs 109.06 crore on 2.9% growth in net sales to Rs 2013.15 crore in Q2 September 2014 over Q2 September 2013.
DLF's primary business is development of residential, commercial and retail properties.
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