Goldman Sachs, ICICI Pru MF buy DLF shares worth Rs 231 crore via block deals

Goldman Sachs on Friday bought 21.70 lakh shares worth Rs 115 crore in DLF via a block deal. ICICI Prudential Mutual Fund was another buyer of the company's shares in a separate deal, also valued at Rs 115 crore. Between them the deal size stood at Rs 231 crore.

The shares were bought at a price of Rs 531.7 apiece, down 2% from the Thursday closing price of Rs 542.45 on the NSE.

Today the shares settled at Rs 540.70, down by Rs 1.75 or 0.32%.


The sellers in the deal were Best Investment Corporation and BG WW Asia EX Japan Fund A Sub Fund of Baillie Gifford Worldwide Funds Plc.

DLF shares have been market underperformers, sliding 22% over a one-year period. The stock has followed the realty sector with Nifty Realty down 19% in the same period.

Meanwhile, the benchmarks Nifty and the BSE Sensex have been flat over a one year period.

The stock is currently trading below its 50-day and 200-day simple moving averages of Rs 617 and Rs 730, respectively, according to Trendlyne data.

DLF reported a net profit of Rs 1,207 crore, during Q3 FY26 against Rs 1,055 crore in the same period a year ago, as it recorded quarterly sales booking of just Rs 419 crore due to a lack of launch.

“We delivered strong surplus cash generation of Rs 3,876 crore during the quarter which led to the successful achievement of our stated goal of achieving zero gross debt level. The net cash position stood at Rs 11,660 crore,” the company had said in a statement.

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Consolidated profit for the quarter stood at Rs 707 crore.

DLF added another retail asset, DLF Summit Plaza in DLF5, Gurugram to the annuity portfolio, strengthening retail presence to a cumulative area of 5 msf.

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