Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Market / Stock-market-news/  DLF shares recover after falling 4% on weak margins
BackBack

DLF shares recover after falling 4% on weak margins

DLF shares fell as much as 4.1% in early trade on weak margins, but later rose 2%

Weak demand and lack of fresh launch have resulted in deterioration in core operating cash flow of DLF. Photo: Pradeep Gaur/MintPremium
Weak demand and lack of fresh launch have resulted in deterioration in core operating cash flow of DLF. Photo: Pradeep Gaur/Mint

Mumbai: Shares in DLF Ltd rose 2% on Friday after falling as much as 4% in early trade after its January-March earnings fell short of some analysts’ estimates.

The real estate developer on Thursday reported a profit in the fourth quarter, helped by a gain from the sale of its Aman Resorts luxury hotel chain.

“The company’s revenue was in line with estimates, but margins disappointed once again," Motilal Oswal Securities said in a note.

Weak demand and lack of fresh launch have resulted in deterioration in core operating cash flow as well, it added.

DLF shares were up 2.09% to 208 at 11:12am on BSE while the benchmrk Sensex was trading 0.2% higher at 24,284.10. Reuters

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 30 May 2014, 11:39 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App