DLF plunges as 10% profit growth disappoint investors

India's leading real estate developer, DLF plunged nearly 3% on Friday after reporting lower-than-expected quarterly earnings.

The company reported a rise of 10.08% in consolidated net profit for third quarter ended December 2012 to Rs 2.84 billion.

Income from operations, however, declined 35.59% to Rs 13.10 billion in the third quarter, compared to Rs 20.34 billion in the same period. Shares ofthe companyare trading at Rs 246.85, down Rs 7.1, or 2.80% at the Bombay Stock Exchange (BSE) on Friday at 11:05 a.m.The scrip has touched an intra-day high of Rs 249.75 and low of Rs 245.05. The total volume of shares traded at the BSE is 273,156.In the earlier session, the shares fell 1.76%, or Rs 4.55, at Rs 253.95. Currently, the stock is trading down 11.65% from its 52-week high of Rs 279.40 and above 45.59% over the 52-week low of Rs 169.55.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 268.15 (14.20) (5.30) 1 Month 248.60 5.35 2.15 3 Months 203.80 50.15 24.61 6 Months 210.05 43.90 20.90 1 Year 249.45 4.50 1.80 Note: Based on previous day closing price.