DLF Ltd, on Wednesday, posted a 30.2 per cent drop in its consolidated net profit for the third quarter ended December 2009 to Rs 467.8 crore, but said that demand was robust across all segments of housing and there are signs of recovery in leasing of office space. In the just ended quarter, DLF realised close to Rs 170 crore from sale of non-core assets, taking the total divestment in FY10 to Rs 1,234 crore. DLF said it has an “enhanced visibility” on about Rs 1,250 crore of asset sales/refunds due by the end of the current fiscal taking the total for the year to Rs 2,500 crore, with the balance going to fiscal 2011. “The company remains focused to become net debt zero in the medium term,” DLF said.
Sensex today closed 691.55 point up at 19854.12 , Nifty was up 218 points at 5985.10. It is the 6th bigeest gain in oneday. Today's main contributors are IT stocks. Wipro was up at 535.30 (+8.86%), Infosys up at 1810.90(+6.63%) and Satyam closed at 454.55 up by 6.28%. The buying activity was wide-base and lifted almost all the sectoral indices. Sector wise performance was as follows - BSE IT 4581.61 (+260.98) BSE Healthcare 4294.83(+52.30) BSE FMCG2218.74(+20.29) BANKEX 11101.74 (+363.15) BSE Auto5586.83(+45.57) BSE TECk3961.96 (+185.00) BSE PSU 9830.01 (+317.11) Today BSE Midcap closed at 9211.71 up by 186.17 and BSE Smallcap index closed at 11980.57 up by 167.25 points.
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