Indian realty major, DLF Ltd has acquired the whole 26% share of its partner Hilton International in joint venture DLF Hotels & Hospitality for Rs 120 crore.

After the stake purchase, DLF Hotels & Hospitality would operate as a wholly owned subsidiary of DLF. The Indian firm purchased the stake to take the complete control over the business including its assets, which include hotel sites.

DHL said in a filing with the Bombay Stock Exchane that, "it has acquired additional 26% equity shares of 'DLF Hotels' from Aro Participation Ltd and Splendid Property Company Ltd, affiliates of Hilton International Co."

India's capital market regulator, the Securities Exchange Board of India (SEBI) has said that it will begin investigations into the allegations made against the real estate giant, DLF Ltd.

It has been alleged that the DLF had violated certain provisions of disclosure and investor protection rules at the time of its Initial Public Offering (IPO) in 2007. The investigations follow a complaint by Kimsuk Krishna Sinha, who alleges that Sudipti Estates Pvt is linked to DLF and has duped him of about 340 million rupees.

Eight lawsuits have been filed against the real estate developing giant DLF by the DLF Park Place Residents Welfare Association. The Company expects that Competition Commission of India (CCI) will pass a similar judgment to that of the one passed on August 16.

The earlier judgment ordered the Company to pay out a fine of Rs 630 crore, but the CCI does not want to pass the same judgment again. The fine was imposed on the Company against the lawsuit filed by the Belaire Owner's Association. The charges made on DLF are holding a major portion of Park Palace in Gurgaon and violating the Section 4 of Competition Act.

Mumbai, Aug 17 : A day after the competition watchdog imposed a Rs. 630 crore fine on real estate major DLF for unfair business practices, the company's scrip tumbled close to 7 percent in afternoon trade Wednesday on the Bombay Stock Exchange (BSE).

The DLF stock was trading at Rs. 175.90 at the BSE, down 6.93 percent from its previous close at Rs. 189.

The Competition Commission of India had slapped a Rs. 630 crore on the real estate developer, accusing it of abusing its position of being a dominant player in the market and disregarding the rights of consumers.

According to reports, DLF Ltd recently revealed that in connection with a complaint filed by Belaire Owner's Association, they have received an order from Competition Commission of India (CCI) and after giving a thorough reading of the order, they have decide to examine all the other legal options which would be suggested by the Company's legal experts.

However the Officials further asserted that the appeal against the competition appellate order would not be limited only to the court, because they strongly believed that they had solid clues, which surely helped them to win the case.

DLF’s Q1FY12 revenue at Rs24.5bn grew 20.5% YoY and was above our estimate of Rs23bn. PAT at Rs3.58bn was 7% below our estimate. However, margins at 45.4% was 320 bps ahead of our estimates. Higher interest cost (Rs4.95bn in Q1FY12 vs Rs4.5bn in Q4FY11) and lower than estimated other income lowered PAT. Operational cash flow, though improved sequentially to Rs8.4bn, may fall further if DLF fails to execute non core asset sale. Key strategy of the company would be to (i)Accelerate cash flows through plotted sales (sold ~2.2 msf in Q1FY12 of which 1.1msf is plot sales; total sale of 1.9 msf in Q4FY11).

It seems that fueled by market information’s, Wipro, the nation’s third-biggest software services provider, and DLF, the largest developer, made opposite movement in the trade market, thereby making the Indian stocks go topsy-turvy.

With President Barack Obama backing deficit-cutting proposal, the estate developer was seen rallying high since April, while Wipro was seen nose-diving following its three-month sloppy ride in corporate earnings. Wipro dropped by 3.6% to 400.15 rupees, poorest value since August while DLF surged by 2.1% to 244.9 rupees.

Q4FY11 PAT at Rs3.45bn was 36% below our expectations due to adjustment for a onetime cost reset for input price inflation of Rs4.75bn. Revenue at Rs26.8bn was better QoQ and marginally above our expectation of Rs25bn. Margins declined significantly to 25% (47.5% in Q3FY11)on account of rising input cost. In our view, DLF will have to commit to more launches and sales (non-core assets sales) to facilitate the real debt reduction (Net debt increased marginally to 0.85x as against 0.84x in Dec’10).

Mumbai, May 25 : India's real estate developer DLF Ltd has posted 19 percent decrease in its net profit at Rs. 344.54 crore for the quarter ended March 31 as against Rs. 426.38 crore during the like period of the previous fiscal owing to higher steel and cement prices.

Sales, however, rose 34.5 percent at Rs. 2,683.09 crore during the quarter under review as compared to Rs. 1,994.37 crore during the like period of the previous financial year, the company said in a regulatory filing late Tuesday evening.

Technical analyst Brijesh Singh has maintained 'buy' rating on DLF Limited stock to achieve a target of Rs 242

According to analyst, the investors can buy the stock with a stop loss of Rs 230.

The stock of the company, on March 23, closed at Rs 234.45 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 10.59 and 22.40 respectively.

The share price has seen a 52-week high of Rs 397.35 and a low of Rs 215 on BSE.

Robert Vadra, the son-in-law of UPA chairperson Sonia Gandhi, has inked a partnership deal with realty giant DLF Ltd.

Technical analyst Siddharth Bhamre of Angel Broking has maintained 'buy' rating on DLF Limited stock with a target of Rs 230.

According to analyst, the stock can be purchased with a stop loss of Rs 203.

The stock of the company, on February 28, marked its closure at Rs 212.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 397.35 and a low of Rs 215 on BSE.

Current EPS & P/E ratio stood at 10.59 and 20.34 respectively.

Technical analyst Rahul Mohinder maintained 'sell' rating on DLF Limited stock with a target of Rs 238.

According to analyst, the investors can sell the stock with a stop loss of Rs 247.

Mr. Mohinder added that it's better to sell the stock in today's session as there are full chances of decline.

Today, the stock of the company opened at Rs 240 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 397.39 and a low of Rs 220.25 on BSE.

Current EPS & P/E ratio stood at 10.59 and 22.61 respectively.

Technical analyst Kunal Saraogi maintained 'hold' rating on DLF Limited stock with a stop loss of Rs 214.

According to analyst, the investors can exit the stock on any rally to around Rs 250.

Today, the stock of the company opened at Rs 220.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 397.35 and a low of Rs 239.30 on BSE.

Current EPS & P/E ratio stood at 10.56 and 20.89 respectively.

Real Estate company DLF is ready to declare its outcomes for the three month period ended December 2010.

Technical analyst Rahul Mohinder has maintained 'sell' rating on DLF Limited stock with stop loss of Rs 366.

According to analyst, the investors can sell the stock with a target of Rs 348.

Mr. Mohinder said that after selling the stock in today's session, the interested investors can purchase the stock again for medium or long term target.

The stock of the company, on Nov 10, closed at Rs 363.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 403 and a low of Rs 259 on BSE.

Monitoring with the intention that the state of Haryana had taken action with unfairness and hatred to confirm support to DLF Universal Ltd, the High Court, on Friday, ordered the state government to get back from DLF land estimating 19 acres, 4 kanals and 5 marlas in Nathupur village of Gurgaon district and that was obtained by the state and moved to the planner for locating up a cyber town.

The court additionally ordered the state administration to give back the land to the gram panchayat of Nathupur which is rite now fraction of the Gurgaon Municipal Corporation.

Stock market analyst Rahul Mohinder has maintained 'buy' rating on DLF Ltd stock with a target of Rs 360.

According to analyst, the stock has strong support around at Rs 330.

Mr. Mohinder also said that the said target can be attained in a period of one to two weeks.

The stock of the company, on Sep 15, closed at Rs 340.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 490.80 and a low of Rs 259 on BSE.

Current EPS & P/E ratio stood at 10.76 and 31.35 respectively.

Stock market analyst Prabhudas Liladhar has maintained 'buy' rating on DLF Ltd stock with a target of Rs 342.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 315.

Today, the stock of the company opened at Rs 322 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 490.80 and a low of Rs 259 on BSE.

Current EPS & P/E ratio stood at 10.76 and 29.87 respectively.

Stock market analyst Rajesh Jain of SMC Global Securities has maintained 'buy' rating on DLF Ltd stock to achieve a target that lies between Rs 345-350.

According to analyst, the interested investors can buy the stock with stop loss of Rs 318.

Today, the stock of the company opened at Rs 320.90 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 10.76 and 30.40 respectively.

The share price has seen a 52-week high of Rs 490.80 and a low of Rs 259 on BSE.

Stock market analyst Somil Mehta of Sharekhan has maintained 'buy' rating on DLF Ltd stock to achieve a target of Rs 330 in 1-2 trading sessions.

According to analyst, the interested investors can buy the stock with stop loss of Rs 300.

Today, the stock of the company opened at Rs 311 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 10.76 and 29.07 respectively.

The share price has seen a 52-week high of Rs 490.80 and a low of Rs 259 on BSE.

Stock market analyst Shardul Kulkarni of Angel Broking has maintained 'buy' rating on DLF Ltd stock to achieve a target of Rs 340.

According to analyst, the investors can buy the stock with stop loss of Rs 318.

Today, the stock opened at Rs 331.90 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 10.69 and 30.18 respectively.

The share price has seen a 52-week high of Rs 490.80 and a low of Rs 259 on BSE.