Shares in DLF Ltd, India’s top listed real estate firm, rose more than 3 percent on Thursday after it reported a sequential rise in quarterly profit, signalling a recovery in the realty market was gaining momentum. DLF said late on Wednesday consolidated net profit rose 6 percent to 4.68 billion rupees ($101 million) in the December quarter from 4.40 billion in three months to September.
By 0352 GMT, shares in the company valued at about $12 billion, were up 3 percent up at 326.40 rupees, having risen as much as 3.2 percent earlier. The broader Mumbai market was up about 1 percent.
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