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Shares of DLF today came under renewed selling pressure, falling over 4 percent in an overall weak stock market, where the benchmark index Sensex plunged 136 points.
Since October 5, the scrip has lost nearly 14 per cent. Even after a positive opening, shares of the company failed to sustain the momentum and finally settled 4.26 per cent lower at Rs 208 on the BSE. During the day, shares of the company lost 4.85 per cent at Rs 206.70.
At NSE, the scrip closed at Rs 207.70, down 4.42 per cent.
Meanwhile, the controversy over alleged land deals involving Robert Vadra took a new turn with senior Haryana IAS officer Ashok Khemka cancelling the sale of over three acre land to realty major DLF.
Significantly, this was done on the last day of Khemka's posting as Director General of Land Consolidation and Land Records-cum-Inspector-General of Registration yesterday
A 1991-batch IAS officer, Khemka ordered the mutation of 3.5 acre plot of land in Manesar-Shikohpur that Vadra had sold to DLF for Rs 58 crore.
DLF shares have been under pressure since last few days amid allegations of the company providing undue favours in its transactions with Vadra. The charges have been vehemently denied by both the parties.
DLF stock price
On July 03, 2015, DLF closed at Rs 116.05, down Rs 0.7, or 0.6 percent. The 52-week high of the share was Rs 233.85 and the 52-week low was Rs 100.00.
The company's trailing 12-month (TTM) EPS was at Rs 5.27 per share as per the quarter ended March 2015. The stock's price-to-earnings (P/E) ratio was 22.02. The latest book value of the company is Rs 98.66 per share. At current value, the price-to-book value of the company is 1.18.
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Economy turning for sure but cant say for mkts: DSP