DLF share price: BUY or SELL? Realty stock up 6% after 39% rise in Q4 PAT; 300% dividend declared

Share Price : The stock price DLF Ltd surged 6 per cent on Tuesday, May 20, a day after the company declared its quarterly results. The share hit an intraday high of Rs 783 on BSE, up 6.19 per cent from its previous closing at Rs 737.40. The realty giant on Monday reported a 39 per cent increase in its consolidated net profit to Rs 1,282 crore for the fourth quarter of the last fiscal on higher revenue. The board recommended a dividend of Rs 6 per equity share of face value of Rs 2 each (300 per cent) for FY 2024-25, subject to the approval of the shareholders.