Do you know that at the peak of the market boom in 2008, DLF’s valuation was more than the sum total of all listed companies from the healthcare sector in India?
As per the Economic Times dated 9th January 2008, the market capitalisations were as under:
- DLF Ltd – Rs. 1,96,160 cr
- ET Lifex Stocks: Rs. 1,60,822 cr
In other words, all the shareholders together could buy the entire Healthcare sector by selling roughly 82% of their DLF stocks.
This was the time of euphoria for real estate stocks. What happened afterwards – as they say, “the rest is history”
#RidingTheRollerCoaster – 124