−16% from the high · +35% from the low
Short build-up into a 26-day expiry: futures OI +2.8% on a −2.3% day, the most call OI sits at 800, the most put OI at 650, max pain 670.
DLF futures closed at ₹662.35, +0.6% to spot, with 99% of open interest in the 27 Oct contract, and the 660 straddle prices a move of about ±6.0% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹662.35 | +3.95+0.6% | +8.4% | 38,000▲ +2.7% · +1,000 lots | 99 | 8,200 |
| 23 Nov53 days | ₹663.20 | +4.80+0.7% | +5.0% | 410▲ +9.4% · +35 lots | 1.1 | 160 |
| 29 Dec89 days | ₹664.80 | +6.40+1.0% | +4.0% | 14▲ +100.0% · +7.0 lots | 0.04 | 15 |
1.1% of futures OI sits beyond the 27 Oct contract · 34 of 45 listed contracts traded · 26,000 option contracts changed hands
The 660 straddle closed at ₹39.80 (call 21.00 + put 18.80), pricing a move of about ±6.0% by the 27 Oct expiry. In the last 253 windows of 19 sessions, DLF moved more than that 100 times.
After the last 8 bulletins, DLF closed higher five sessions later in 5 of 8.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 21 MayDCCDL reports 16% rise in rental income to ₹5,525 crore | ▼ −0.2%Nifty +0.3% · −0.5 pp | ▲ +0.7%Nifty +1.6% · −0.8 pp | ▼ −1.3%Nifty −1.1% · −0.2 pp | ▲ +0.5%short build-up |
| 20 MayDLF Limited beats EPS expectations in Q4 2026 | ▲ +1.0%Nifty +0.2% · +0.8 pp | ▲ +1.8%Nifty +0.2% · +1.7 pp | ▲ +2.9%Nifty +1.2% · +1.6 pp | ▼ −0.8%short covering |
| 19 MayDLF-GIC JV firm reports 16% rise in rental income | ▲ +0.7%Nifty −0.1% · +0.9 pp | ▲ +1.8%Nifty 0.0% · +1.7 pp | ▲ +2.9%Nifty +1.1% · +1.8 pp | ▼ −0.7%short covering |
| 14 MayDLF Q4 FY26 net profit meets expectations at ₹1,269 crore | ▲ +1.6%Nifty +1.2% · +0.4 pp | ▼ −1.3%Nifty +1.0% · −2.3 pp | ▲ +2.4%Nifty +1.0% · +1.4 pp | ▼ −0.7%short covering |
| 4 AprIndia real estate costs rise amid oil surge | ▲ +1.3%Nifty +1.1% · +0.2 pp | ▲ +2.3%Nifty +1.8% · +0.5 pp | ▲ +8.8%Nifty +5.0% · +3.9 pp | ▲ +0.9%long build-up |
| 3 AprIndia real estate costs rise amid oil surge | ▲ +1.3%Nifty +1.1% · +0.2 pp | ▲ +2.3%Nifty +1.8% · +0.5 pp | ▲ +8.8%Nifty +5.0% · +3.9 pp | ▲ +0.9%long build-up |
| 15 FebDLF Limited receives NCLT approval for subsidiary merger | ▲ +2.8%Nifty +0.8% · +1.9 pp | ▲ +2.0%Nifty +1.0% · +1.0 pp | 0.0%Nifty +0.9% · −1.0 pp | ▲ +0.1%long build-up |
| 15 FebDLF Limited receives NCLT approval for subsidiary merger | ▲ +2.8%Nifty +0.8% · +1.9 pp | ▲ +2.0%Nifty +1.0% · +1.0 pp | 0.0%Nifty +0.9% · −1.0 pp | ▲ +0.1%long build-up |
Revenue ₹1,280 cr, −53% on a year earlier; profit ₹794 cr, +4.1% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 3 Aug | ₹1,280 cr | ▼ −53% | ₹794 cr | ▲ +4.1% | 3.21 | ▼ −3.8%Nifty −0.6% · −3.1 pp |
| Mar 2026filed 13 May · audited | ₹1,814 cr | ▼ −42% | ₹1,269 cr | ▼ −1.1% | 5.12 | ▲ +1.6%Nifty +1.2% · +0.4 pp |
| Dec 2025filed 22 Jan | ₹2,020 cr | ▲ +32% | ₹1,203 cr | ▲ +14% | 4.86 | ▼ −4.0%Nifty −0.9% · −3.1 pp |
| Sept 2025filed 30 Oct | ₹1,643 cr | ▼ −17% | ₹1,180 cr | ▼ −15% | 4.77 | ▼ −2.6%Nifty −0.6% · −2.0 pp |
| Jun 2025filed 4 Aug | ₹2,717 cr | ▲ +99% | ₹763 cr | ▲ +18% | 3.08 | ▼ −1.5%Nifty −0.3% · −1.2 pp |
| Mar 2025filed 19 May · audited | ₹3,128 cr | ▲ +47% | ₹1,282 cr | ▲ +39% | 5.18 | ▲ +2.1%Nifty −1.1% · +3.2 pp |
| Dec 2024filed 24 Jan | ₹1,529 cr | ▲ +0.49% | ₹1,059 cr | ▲ +61% | 4.28 | ▲ +1.2%Nifty −1.1% · +2.4 pp |
| Sept 2024filed 25 Oct | ₹1,975 cr | ▲ +47% | ₹1,381 cr | ▲ +120% | 5.58 | ▲ +5.9%Nifty +0.7% · +5.3 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹8,194 cr | ▲ +2.5% | ₹4,415 cr | ▲ +1.1% | 17.83 |
| FY25to Mar 2025 | ₹7,994 cr | ▲ +24% | ₹4,367 cr | ▲ +60% | 17.65 |
| FY24to Mar 2024 | ₹6,427 cr | — | ₹2,724 cr | — | 11.02 |
DLF trades at 37 times trailing earnings against 34 for its industry, 3.6 times book value, revenue −28% over twelve months, a 2.4% dividend yield, market cap ₹1,60,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| DLFDLF Limited | 1,60,000 cron 1 Oct | 37consolidated | 3.6 | ₹658.40 |
| LODHALodha Developers Limited | 1,10,000 cron 1 Oct | 27consolidated | 4.7 | ₹1,105.60 |
| PHOENIXLTDThe Phoenix Mills Limited | 69,000 cron 1 Oct | 54consolidated | 4.8 | ₹1,930.00 |
| PRESTIGEPrestige Estates Projects Limited | 64,000 cron 1 Oct | 56consolidated | 3.8 | ₹1,486.10 |
| OBEROIRLTYOberoi Realty Limited | 64,000 cron 1 Oct | 21consolidated | 3.6 | ₹1,754.60 |
| GODREJPROPGodrej Properties Limited | 48,000 cron 1 Oct | 30consolidated | 2.5 | ₹1,595.80 |
| ANANTRAJAnant Raj Limited | 21,000 cron 1 Oct | — | 3.6 | ₹577.85 |
| BRIGADEBrigade Enterprises Limited | 19,000 cron 1 Oct | — | 2.5 | ₹569.55 |
| HORIZONINDHorizon Industrial Parks Limited | 14,000 cron 1 Oct | — | — | ₹48.65 |
| SOBHASobha Limited | 13,000 cron 1 Oct | — | 2.8 | ₹1,213.10 |
| ABRELAditya Birla Real Estate Limited | 12,000 cron 1 Oct | — | 3.3 | ₹1,100.50 |
| SIGNATURESignatureglobal (India) Limited | 10,000 cron 1 Oct | — | 5.6 | ₹737.45 |
| MAXESTATESMax Estates Limited | 9,300 cron 1 Oct | — | 2.9 | ₹566.25 |
| EMBDLEmbassy Developments Limited | 7,800 cron 1 Oct | — | 0.78 | ₹56.15 |
| MAHLIFEMahindra Lifespace Developers Limited | 7,500 cron 1 Oct | — | 2.1 | ₹351.15 |
| GANESHHOUGANESH HOUSING LIMITED | 5,800 cron 1 Oct | — | 2.5 | ₹699.10 |
| KALPATARUKalpataru Limited | 5,600 cron 1 Oct | — | 1.4 | ₹273.50 |
| MANINFRAMan Infraconstruction Limited | 5,000 cron 1 Oct | — | 2.2 | ₹124.30 |
| DBREALTYValor Estate Limited | 5,000 cron 1 Oct | — | 1.2 | ₹91.70 |
| PURVAPuravankara Limited | 4,900 cron 1 Oct | — | 2.7 | ₹204.65 |
| RUSTOMJEEKeystone Realtors Limited | 4,600 cron 1 Oct | — | 1.6 | ₹361.25 |
| RAYMONDRELRaymond Realty Limited | 4,300 cron 1 Oct | — | 2.8 | ₹648.45 |
| SUNTECKSunteck Realty Limited | 4,100 cron 1 Oct | — | 0.92 | ₹279.45 |
| ASHIANAAshiana Housing Limited | 3,900 cron 1 Oct | — | 4.5 | ₹383.95 |
| KOLTEPATILKolte - Patil Developers Limited | 3,700 cron 1 Oct | — | 3.1 | ₹418.80 |
| TARCTARC Limited | 3,700 cron 1 Oct | — | 3.5 | ₹125.60 |
| AGIILAgi Infra Limited | 3,200 cron 1 Oct | — | 6.7 | ₹260.00 |
| ELPROINTLElpro International Limited | 3,000 cron 1 Oct | — | — | ₹174.30 |
| ARVSMARTArvind SmartSpaces Limited | 2,700 cron 1 Oct | — | 3.0 | ₹592.50 |
| ALEMBICLTDAlembic Limited | 2,700 cron 1 Oct | — | 1.1 | ₹104.10 |
| MARATHONMarathon Nextgen Realty Limited | 2,600 cron 1 Oct | — | 1.1 | ₹388.10 |
| HUBTOWNHubtown Limited | 2,500 cron 1 Oct | — | 0.95 | ₹177.40 |
| AJMERAAjmera Realty & Infra India Limited | 2,400 cron 1 Oct | — | 1.6 | ₹119.60 |
| ARKADEArkade Developers Limited | 2,200 cron 1 Oct | — | 2.5 | ₹118.70 |
| OMAXEOmaxe Limited | 2,000 cron 1 Oct | — | — | ₹108.80 |
| MIILMeghna Infracon Infrastructure Limited | 1,500 cron 1 Oct | — | — | ₹677.05 |
| PVPPVP Ventures Limited | 1,300 cron 1 Oct | — | 3.2 | ₹50.45 |
| SHRIRAMPPSShriram Properties Limited | 1,100 cron 1 Oct | — | 0.79 | ₹67.35 |
| PRANAVPranav Constructions Limited | 1,100 cron 1 Oct | — | — | ₹97.20 |
| UNITECHUnitech Limited | 1,000 cron 1 Oct | — | — | ₹3.95 |
| SURAJESTSuraj Estate Developers Limited | 960 cron 1 Oct | — | 0.96 | ₹200.15 |
| ARIHANTSUPArihant Superstructures Limited | 940 cron 1 Oct | — | 2.1 | ₹216.65 |
| ARIHANTArihant Foundations & Housing Limited | 890 cron 1 Oct | — | — | ₹894.10 |
| PROZONERProzone Realty Limited | 800 cron 1 Oct | — | 1.6 | ₹52.55 |
| ELDEHSGEldeco Housing And Industries Limited | 770 cron 1 Oct | — | 1.9 | ₹782.25 |
| VASCONEQVascon Engineers Limited | 750 cron 1 Oct | — | 0.66 | ₹32.60 |
| MODISModis Navnirman Limited | 720 cron 1 Oct | — | 4.6 | ₹367.85 |
| YOGIYogi Limited | 720 cron 1 Oct | — | — | ₹159.35 |
| SHRADDHAShraddha Prime Projects Limited | 630 cron 1 Oct | — | — | ₹155.10 |
| CCCLConsolidated Construction Consortium Limited | 600 cron 1 Oct | — | 2.2 | ₹13.45 |
| PENINLANDPeninsula Land Limited | 480 cron 1 Oct | — | 7.4 | ₹14.60 |
| NILASPACESNila Spaces Limited | 440 cron 1 Oct | — | 2.6 | ₹11.20 |
| SBGLPSuratwwala Business Group Limited | 390 cron 1 Oct | — | 3.6 | ₹22.75 |
| NIMBSPROJNimbus Projects Limited | 370 cron 1 Oct | — | 1.1 | ₹189.45 |
| EMAMIREALEmami Realty Limited | 350 cron 1 Oct | — | — | ₹67.15 |
| RRECLRDB Real Estate Constructions Limited | 350 cron 1 Oct | — | — | ₹131.45 |
| NILAINFRANila Infrastructures Limited | 260 cron 1 Oct | — | 1.4 | ₹6.55 |
| SVGLOBALS V Global Mill Limited | 240 cron 1 Oct | — | — | ₹132.95 |
| GENCONGeneric Engineering Construction and Projects Limited | 230 cron 1 Oct | — | 0.79 | ₹40.75 |
| NATIONSTDNational Standard (India) Limited | 230 cron 1 Oct | — | — | ₹114.90 |
| RVHLRavinder Heights Limited | 230 cron 1 Oct | — | 0.79 | ₹37.25 |
| HAMPTONHampton Sky Realty Limited | 220 cron 1 Oct | — | — | ₹8.10 |
| ATALREALAtal Realtech Limited | 160 cron 1 Oct | — | 1.6 | ₹12.80 |
| AMJLANDAmj Land Holdings Limited | 150 cron 1 Oct | — | 0.71 | ₹37.00 |
| HBESDHB Estate Developers Limited | 150 cron 1 Oct | — | — | ₹65.10 |
| PRAENGPrajay Engineers Syndicate Limited | 140 cron 1 Oct | — | 0.30 | ₹20.10 |
| SUPREMESupreme Holdings & Hospitality (India) Limited | 120 cron 1 Oct | — | 0.21 | ₹31.10 |
| THAKDEVThakkers Developers Limited | 120 cron 1 Oct | — | — | ₹128.75 |
| SHRIKRISHShri Krishna Devcon Limited | 100 cron 1 Oct | — | — | ₹35.95 |
| SHERVANIShervani Industrial Syndicate Limited | 86 cron 1 Oct | — | — | ₹335.00 |
| CINEVISTACinevista Limited | 78 cron 1 Oct | — | 1.4 | ₹13.65 |
| ANSALBUAnsal Buildwell Limited | 63 cron 1 Oct | — | — | ₹85.15 |
| SIMPLXREASimplex Realty Limited | 37 cron 1 Oct | — | — | ₹123.50 |
| KAMANWALAKamanwala Housing Construction Limited | 24 cron 1 Oct | — | — | ₹17.15 |
| STLSTRINFSteel Strips Infrastructures Limited | 19 cron 1 Oct | — | — | ₹21.50 |
| ANSALAPIAnsal Properties & Infrastructure Limited | — | — | — | — |
| COUNCODOSCountry Condo's Limited | — | — | — | — |
| DHARANDHARAN INFRA-EPC LIMITED | — | — | — | — |
| DSKULKARNIDS Kulkarni Developers Limited | — | — | — | — |
| GEECEEGeeCee Ventures Limited | — | — | — | — |
| GOLDENTOBCGolden Tobacco Limited | — | — | — | — |
| HDILHousing Development and Infrastructure Limited | — | — | — | — |
| LANCORHOLLancor Holdings Limited | — | — | — | — |
| LOTUSDEVSri Lotus Developers and Realty Limited | — | — | — | — |
| MPDLMPDL Limited | — | — | — | — |
| PARSVNATHParsvnath Developers Limited | — | — | — | — |
| VIPULLTDVipul Limited | — | — | — | — |
Promoters hold 74.1%, foreign portfolio investors 12.3%, mutual funds 6.1% and insurance companies 1.1%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 74.080.00 pp | 74.080.00 pp | 74.080.00 pp | 74.080.00 pp | 74.08 |
| Foreign portfolio investors | 12.31▼ −1.23 pp | 13.54▼ −1.27 pp | 14.81▼ −0.64 pp | 15.45▼ −0.52 pp | 15.97 |
| Mutual funds | 6.12▲ +0.97 pp | 5.15▲ +1.03 pp | 4.12▲ +0.36 pp | 3.76▲ +0.15 pp | 3.61 |
| Insurance companies | 1.05▲ +0.14 pp | 0.91▲ +0.09 pp | 0.82▼ −0.02 pp | 0.84▼ −0.09 pp | 0.93 |
| Banks and financial institutions | 0.87▼ −0.01 pp | 0.88▲ +0.04 pp | 0.84▲ +0.23 pp | 0.61▲ +0.14 pp | 0.47 |
| Individual investors | 4.82▲ +0.07 pp | 4.75▲ +0.09 pp | 4.66▲ +0.02 pp | 4.64▲ +0.28 pp | 4.36 |
| Bodies corporate | 0.47▲ +0.02 pp | 0.450.00 pp | 0.45▲ +0.06 pp | 0.39▲ +0.03 pp | 0.36 |
| Other foreign holders | 0.000.00 pp | 0.00▼ −0.01 pp | 0.010.00 pp | 0.010.00 pp | 0.01 |
| Others | 0.28▲ +0.04 pp | 0.24▲ +0.01 pp | 0.23▲ +0.01 pp | 0.22▲ +0.01 pp | 0.21 |
Nothing upcoming on record; the last was a dividend of ₹8.00 a share, ex-date 27 Jul 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 27 Jul 2026 | dividend | ₹8.00 | 27 Jul 2026 | BSE |
| 28 Jul 2025 | dividend | ₹6.00 | 28 Jul 2025 | BSE |
| 31 Jul 2024 | dividend | ₹5.00 | 31 Jul 2024 | BSE |
DLF is −2.3% over 20 sessions against Nifty's −6.2%, 16% below its 52-week high, realised volatility 32% annualised.
| Window | From ₹ | DLF % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹716.04 | ▼ −8.0% | ▼ −9.1% | +1.0 |
| 120 sessionssince 9 Apr | ₹562.93 | ▲ +17% | ▼ −5.7% | +23 |
| 60 sessionssince 8 Jul | ₹633.99 | ▲ +3.9% | ▼ −6.1% | +10 |
| 20 sessionssince 2 Sept | ₹673.55 | ▼ −2.2% | ▼ −6.2% | +4.0 |
| 5 sessionssince 24 Sept | ₹670.40 | ▼ −1.8% | ▼ −2.8% | +0.99 |
| 1 sessionsince 30 Sept | ₹673.97 | ▼ −2.3% | ▼ −0.88% | −1.4 |
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