India's DLF hits over 15-year high on sale of luxury residences
08/01/2024 08:43
** Shares of DLF DLF.NS rise as much as 2.7% to 773.5
rupees, highest since March 12, 2008
** The real estate developer said on Monday it recorded sale
of luxury residences in Gurugram for over 72 bln rupees ($866.57
million), ahead of official launch
** DLF trading above its 100-day and 200-day simple moving
averages since early April
** Analysts covering the stock on average have a "buy"
rating; stock currently trading ~30% above its median PT - LSEG
data
** Stock gained over 5% in 2023
($1 = 83.0860 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))