DLF is trading at 397.00 and it was up on May 29th also as the company’s promoters are selling their stake by some percentage which is reported 5.5%.
The reason that DLF is witnessing strong demand is because of the fact that with the new government in place it would be hard not to look at real estate players in the stock market
These players taken a beating in the recession but now are coming back strongly.
Government is sure to put lot of efforts in the infrastructure and housing sectors.
Promoter Stake Sale
Earlier the porters had sold 6.8 crore shares, about 9.9% equity and they raised about in the market raising nearly Rs 3,864 crore. Deutsche Bank and JPMorgan finalized the deal.
This is what Sanjay Sharma had to say “"It is evident that there has been strong demand from long-only investors for the DLF deal. The DLF block has been done at a 2.6% discount to the previous closing price," he added.”
Competitors in the real Estate Industry are
Unitech STOCK, Parsavnath,Omaxe,Tata Housing and many other players.
The registered address of the company is
Shopping Mall, Third Floor Arjun Marg, Phase - I Gurgaon 122002 Haryana