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DLF gains over 2% on IPP response

DLF was quoting at Rs 235.75, up Rs 5.45, or 2.37 percent at 11:03 am. It has touched an intraday high of Rs 236.15 and an intraday low of Rs 232.60. The stock gained over 2 percent after a strong response to its Institutional Placement Programme yesterday.

May 15, 2013 / 11:39 IST
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DLF gained over 2 percent after a strong response to its Institutional Placement Programme (IPP) yesterday. The company received bids for 1.8 times its total size. The price band for the share sale was Rs 222-Rs 233 per share


At 11:34 hrs DLF was quoting at Rs 236.95, up Rs 6.65, or 2.89 percent.It has touched an intraday high of Rs 236.15 and an intraday low of Rs 232.60.
 
It was trading with volumes of 319,049 shares, compared to its five day average of 669,109 shares, a decrease of -52.32 percent.
 
In the previous trading session, the share closed down 0.73 percent or Rs 1.70 at Rs 230.30.
 
The share touched its 52-week high Rs 289.20 and 52-week low Rs 169.55 on 12 March, 2013 and 04 June, 2012, respectively.
 
Currently, it is trading 18.48 percent below its 52-week high and 39.04 percent above its 52-week low.
first published: May 15, 2013 11:39 am

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