DLF shares trim early gains; up nearly 2% at close

Mumbai: Shares of DLF on Wednesday trimmed its early gains on profit-booking and closed the day with nearly 2 percent gains in an overall sluggish stock market.

After rising 4.53 percent to Rs 125.60 in intra-day trade as the company reported 21 percent rise in consolidated net profit for the quarter ended September 30, the stock later gave up some of the gains and finally ended at Rs 122.15, up 1.66 percent on BSE.

At NSE, shares of the company settled with a gain of 1.87 percent to Rs 122.35.

India's largest realty firm DLF yesterday reported 21 percent rise in consolidated net profit at Rs 131.50 crore for the quarter ended September mainly on lower expenses.

Its net profit stood at Rs 109.06 crore in the year-ago period, DLF had said in a BSE filing.

However, income from operations fell by 7 percent to Rs 1,865.49 crore during July-September quarter of this fiscal from Rs 2,013.15 crore in the corresponding period of the previous year.

Total income decreased by 6 percent to Rs 1,997.02 crore from Rs 2,135.59 crore in the review period.

In the broader market, the 30-share Sensex ended at 26,552.92, down 37.67 points.