Meanwhile, the BSE Sensex was up 106.45 points, or 0.56%, to 19,249.62
On BSE, 5.68 lakh shares were traded in the counter as against an average daily volume of 9.64 lakh shares in the past one quarter.
The stock hit a high of Rs 272.60 and a low of Rs 262 so far during the day. The stock had hit a 52-week high of Rs 287.40 on 28 February 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 5 March 2013, sliding 4.77% compared with the Sensex`s 2.63% fall. The scrip had, however, outperformed the market in past one quarter, rising 16.78% as against Sensex`s 1.28% fall.
India`s largest real estate developer by market capitalisation has an equity capital of Rs 339.74 crore. Face value per share is Rs 2.
Shares of DLF had gained 3.57% to Rs 259.65 on Tuesday, 5 March 2013. The company said during trading hours on Tuesday, 5 March 2013 that it has scheduled a board meeting today, 6 March 2013, to consider offer of securities and all related actions thereto, subject to the approval of shareholders, for achieving the minimum public shareholding in compliance to the Securities Contracts (Regulations) Rules, 1957 as amended and read with Clause 40A of the listing agreement.
The promoters currently hold 78.58% stake in DLF (as per the shareholding pattern as on 31 December 2012). Market regulator Securities & Exchange Board of India (Sebi) has mandated minimum public shareholding of 25% for private companies and 10% for state-run firms. 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 4.4% fall in total income to Rs 2291.25 crore in Q3 December 2012 over Q3 December 2011.
DLF`s primary business is development of residential, commercial and retail properties.
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