DLF shares up 0.6% as Sensex rises
A total of 71,284 shares changed hands on the counter till 01:55PM (IST)
Shares of gained 0.6 per cent to Rs 897.4 in Thursday's session as of 01:55PM (IST) even as the equity benchmark traded 297.53 points higher at 74780.31.Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 967.0 and a 52-week low of Rs 415.15 on . Around 71284 shares changed hands on the counter till 01:55PM (IST).
The stock opened at Rs 888.0 and has touched an intraday high and low of Rs 900.6 and Rs 882.0 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 93.28, earnings per share (EPS) of Rs 9.6 and price to book value (PB) of 2.34, while the return on equity (ROE) stood at Rs 5.4.
Promoter/ FII Holding
The promoters held 74.08 per cent stake in the company as of May 02, while FII and MF ownerships stood at 16.53 per cent and 3.5 per cent, respectively.
Key Financials
With a market capitalisation of Rs 220797.8 crore, the company operates in the Real Estate industry. For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 1643.51 crore, up 11.32 per cent from the previous quarter?s Rs 1476.42 crore and up 5.38 per cent from the same quarter a year ago. The company reported net profit of Rs 656.61 crore for the latest quarter, up 26.46 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 53.46. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
