DLF Market Cap Crosses Rs 1 tn

July 13, 2007	(Be the first to rate this story!)  Loading ...
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Real estate bourses rallied on Wednesday even as the market value of DLF Ltd, India’s the most known real estate firm crossed Rs 1 trillion mark. The company has kept its fingers crossed regarding the Central Bank not to increase interest rates at a credit review.

DLF listed itself on the bourses on July 5. Since the date, the company has risen to 3.27 per cent on Rs 18.70 on the Bombay Stock Exchange at Rs 590.45.

The market cap has reached to Rs 1, 00, 053 crore just before Wednesday’s closing and settled at Rs 99,773 crore in comparison to Rs 96,575 crore on Tuesday.

Like DLF, many other real estate companies are also hoping that the Reserve Bank of India (RBI) may not raise interest rates at its quarterly credit policy reviews this month.

Newly launched real estate index has settled 3.38 per cent or 249 points up at 7,626.53 points as against 7,377.53 on Thursday.

A number of realty companies have seen increase in their shares. Unitech, the second biggest realty company rose 3.06 per cent at Rs 542.20. Indiabulls Real Estate has emerged as the biggest gainer as the company rose 7.03 per cent to Rs 501.40 on BSE.

Other real estate developers like Parsvnath rose 1.94 per cent to Rs 383.25 whereas Mahindra Gesco rose 1.49 per cent to Rs 558.20. Only, Anant Raj Industries remain the loser at the end with a loss of 0.29 per cent at Rs 1,290.

News Published Under:   Real Estate Developers |

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