DLF rose 0.97% to Rs 251.05 at 9:19 IST on BSE, with the stock recovering on bargain hunting after 4-day 12.66% slide.
Meanwhile, the S&P BSE Sensex was up 60.03 points or 0.32% at 18,944.22.
On BSE, 40,000 shares were traded in the counter as against average daily volume of 10.44 lakh shares in the past one quarter.
The stock hit a high of Rs 252 and a low of Rs 249.05 so far during the day. The stock had hit a 52-week high of Rs 289.20 on 12 March 2013. The stock had hit a 52-week low of Rs 169.55 on 4 June 2012.
The stock had underperformed the market over the past one month till 20 March 2013, sliding 11.1% compared with the Sensex's 3.86% fall. The scrip had, however, outperformed the market in past one quarter, surging 10.14% as against Sensex's 2.93% slide.
India's largest real estate developer by market capitalisation has equity capital of Rs 339.74 crore. Face value per share is Rs 2.
More From This Section
Shares of DLF had declined 12.66% in four trading sessions to settle at Rs 248.65 on Wednesday, 20 March 2013, from a recent high of Rs 284.70 on 14 March 2013.
DLF's board of directors at a meeting held on 6 March 2013 approved offering of equity shares of the company by way of Institutional Placement Programme (IPP) and/or any other method prescribed and approved by Sebi to achieve the minimum public shareholding. The board has formed an "Equity Issuance Committee" to take all actions/steps in this regard.
The promoters currently hold 78.58% stake in DLF (as per the shareholding pattern as on 31 December 2012). As per the Sebi mandated minimum public shareholding rule, private-sector companies must cut founders' stake to adhere to the rules by 13 June 2013, while the deadline for state-run firms is 13 August 2013.
DLF's consolidated net profit rose 10.2% to Rs 284.80 crore on 35.6% decline in net sales to Rs 1310.04 crore in Q3 December 2012 over Q3 December 2011.
DLF's primary business is development of residential, commercial and retail properties.
Powered by Capital Market - Live News