In an interview with CNBC-TV18, DLF's Ashok Tyagi said the Finance Minister's move to provide pass-through status to real estate investment trusts (REITs) and that the tax clarity would be a positive for the company and make REITs and attractive investment option.
In an interview with CNBC-TV18, DLF's Ashok Tyagi said the Finance Minister's move to provide pass-through status to real estate investment trusts (REITs) and that the tax clarity would be a positive for the company and make REITs and attractive investment option.
He, however, said that he now expects the government to provide more clarity on minimum alternate tax and dividend distribution tax on REITs.
DLF, he added, was looking to set up two REITs.
DLF stock price
On March 02, 2015, at 14:15 hrs DLF was quoting at Rs 155.95, up Rs 0.55, or 0.35 percent. The 52-week high of the share was Rs 242.80 and the 52-week low was Rs 100.00.
The company's trailing 12-month (TTM) EPS was at Rs 4.83 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 32.29. The latest book value of the company is Rs 93.40 per share. At current value, the price-to-book value of the company is 1.67.
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