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DLF lists on bourses

MUMBAI: Realty firm DLF on Thursday made a strong debut on the bourses as its shares jumped by 36 per cent over the issue price in intra-day trade, making it the eighth most valued company on the Bombay Stock Exchange.

The scrip was listed at Rs. 582 on the BSE and rose to a high of Rs. 714.25 as against the issue price of Rs. 525, propelling its market value to over Rs. 1,20,000 crore. But it settled with a modest 8.5 per cent gain at Rs. 570.05, reflecting a market capitalisation of Rs. 96,278 crore.

In terms of volume, the scrip witnessed huge trading activities. As many as 7.80 crore shares were traded on the National Stock Exchange and over 3.42 crore shares changed hands on the BSE. On the NSE, the scrip closed at Rs. 569. DLF touched a low of Rs. 505.60 on the BSE, while on the NSE it touched a high of Rs. 583.95 and a low of Rs. 526.60.

“The market capitalisation of DLF is right now between Rs. 95,000 crore and Rs. 1,00,000 crore,” DLF Group’s Chief Finance Officer Ramesh Sanka told reporters here. — PTI

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