May 22, 2019 / 4:54 AM / 2 months ago

BUZZ-India's DLF hits 1-month high on robust Q4 profit growth

** Shares of DLF Ltd rise as much as 5.7 pct to 181.2 rupees, their highest since April 22

** Real estate firm's March-qtr profit jumped 76% to 4.37 bln rupees ($62.74 mln), co said in a statement here on Tuesday

** Revenue from ops jumps 81.5% to 25 bln rupees

** Co targets to achieve net sales of about 27 bln rupees during FY20

** More than 13 mln shares traded by 0450 GMT, compared with their 30-day moving avg of about 16.3 mln shares

** Up to last close, shares of DLF have fallen 3.4% this year, while those of its peers Sobha Ltd and Prestige Estates Projects Ltd have risen 11.2% and 20.7%, respectively, in the same period ($1 = 69.6500 Indian rupees) (Reporting by Harish Bhaskar in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below