The grand grand IPO , after a postponement enter the capital market being one of the biggest IPO ever of the time and received a overwhelmed response from the domestic as well the investors from abroad.The company has been no doubt and yet at present too is the leading company of its field.Unitech is another of its kind,whose shares has rewarded the shareholders in a significant manner and being titled as a multi multi bagger stock.
The entry of DLF was late in the market & as well as the recession in reality market thereafter did not provide a chance to the stock to perform or we would have seen a similar pattern of return.
The real estate slow down seems to be catching up with the big time realtor's too. DLF too is now feeling the pinch of the slowdown in the realty sector. Falling demand has forced the company to give the termination to 300 of its employees across India. And in big cities, where it is developing huge and prestigious projects, it cannot afford to slowdown despite the slowdown. Hence it has decided to go slow on its project executions in tier II cities.
But despite the slowdown, having purchased land at exorbitant rates, the company cannot simply afford to bring the prices down. So though there are no takers for many of its office and retail spaces, DLF is adamant about not bringing down the prices. Instead of bringing down the rates, it has decided to build less, stagger projects and thus spread the costs.
The company is trying its best to over come the problem , which is time being. The company was , is and will probably be the best and one of it's kind. No need to care about the fundamentals of the company. Once the stock market gets improved , the reality sector will get recover and hence both negative points will be solved out and the stock will be able to show its sub due performance.
Disclaimer : I have no personal holding in this stock.