DLF Carves Out Presence in BSE Sensex

October 9, 2007	(2 votes, average: 2 out of 5)  Loading ...
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Indian real estate giant DLF has been included to the Bombay Stock Exchange Sensex, a value weighted index including 30 largest and most actively traded stocks which represent different sectors.

After many hitches, DLF at last succeeded to file its DRHP twice. Getting listed on the Sensex is an outcome of company’s two years efforts.

DLF has outshone its counterparts in the most surprising manner and also emerged as a winner in the realty stocks game. The stock has had a run of 55% in the past three months.

The real estate major will step into Sensex on November 19 with free float adjusted factor at 0.15. Its market capitalization is evaluated to be Rs 1.40 lakh crore. This has pushed DLF to grab the fifth position in terms of market capitalization.

However, the company has a long way to go. It is planning big and has recently won a huge contract to develop a township near Bangalore. The things have not come easily to DLF. According to industry connoisseurs, Indian property market will go through a correction. Therefore, the road ahead could be rough.

News Published Under:   Real Estate Developers |

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