DLF shares rise 3.88% today, market cap jumps by Rs. 7,708 crore

By Aditya Bhagchandani Published on November 25, 2024, 10:27 IST

Shares of DLF Limited surged 3.88% to Rs. 834.60 during today’s trading session, adding approximately Rs. 7,708 crore to its market capitalization. The company’s market cap now stands at Rs. 2,06,441.27 crore.

Key Details:

Market Cap Increase: Rs. 7,708 crore
Current Market Cap: Rs. 2,06,441.27 crore
Stock Performance: Up 3.88% to Rs. 834.60
Trading Volume: 18.17 lakh shares
Traded Value: Rs. 150.57 crore
52-Week Range: High of Rs. 967.60 and low of Rs. 619.25

The bullish movement comes as analysts, including Morgan Stanley, reiterated an ‘Equal Weight’ rating on DLF with a target price of Rs. 910, citing robust pre-sales growth and improving EBITDA margins as drivers for future performance.

DLF

Aditya Bhagchandani

Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.