Share price of the Realty developer DLF Limited surged at an intraday high level, i.e, as much as over 5pc, at Rs.181.20 both on BSE and NSE, after the company reported strong Q4 earnings with lower debt. The Company’s total income reportedly rose 44pc to Rs2661crore V/s Rs1845.92crore, year on year. DLF said in a statement.
Further, the company updated its prospects that it has successfully completed the QIP or qualified institutional placement of Rs3173crore of equity together with the infusion of Rs11250crore by the promoters.
At 10:50 am, DLF shares were trading 4.35% higher at Rs175.55 per share as compared to a 0.34% rise in the BSE Sensex at 39,101.45. On the NSE, DLF surged 2.45% to Rs175.70 as compared to a 0.10% rise in the NSE Nifty at 11,731.70. The Nifty Realty index went up 0.70% with DLF among major index gainers at this time.