Shares of DLF, one of the largest commercial real estate developers in India, have gone up close to 16% in the past month.

On Monday, the stock hit another 52-week high of ₹481.15. Shares of the company have been upbeat since the real estate giant posted its earnings for the quarter ended March. The company’s consolidated net profits jumped up over 40% year-over-year to ₹570 crore. The company also announced a ₹4/share dividend for the year ended March 2023.

The company’s numbers also impressed analysts. HDFC Securities maintained its ‘buy’ rating for the stock with a price target of ₹504. IDBI Capital also maintained its ‘buy’ rating as its sees the DLF share price going up to ₹530. Nuvama also maintained its ‘buy’ call on the stock with a price target of ₹550. JP Morgan also has a ‘buy’ call on the stock with a price target of ₹510.

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Now, coming to the part you are looking for, here’s how much money you’d have today if you invested in DLF stock instead of buying that house during the Covid lockdown in 2021.

During that period, many individuals, confined at home due to the pandemic, might have contemplated investing in a house especially since real estate prices took a sharp dip and home loan rates were also pretty low.

If you were one of them, that eventually followed up on the thought and ended up buying a DLF property, you would have had to shell out ₹1 crore to ₹5 crore or more, subject to location and amenities. For the purpose of this article, let’s set a base price of ₹2 crore for a DLF house.

Two years ago, during the Covid-19 lockdown, DLF was trading at ₹250-300 levels. On May 24, 2021, the stock closed at ₹277.05.

Now, imagine that instead of acquiring the house, you invested ₹2 crore in DLF shares on May 24, 2021. In that case, you would have bought roughly 721,347 shares of the company. Today, with the stock’s remarkable ascent, those shares would be valued at a whopping ₹3.45 crore, giving you a return of over 72% on your initial investment.

Price Action: DLF’s share price was up 1.05% to close at ₹476.85 on Friday.

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Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.

Editor’s Note: Artificial intelligence was used as a secondary aid in the writing of this story.