Shares of DLF rise as Nifty gains


Shares of Ltd. gained 0.3 per cent to Rs 332.9 in Thursday’s trade as of 11:17AM (IST). It hit a high of Rs 339.25 and low of Rs 332.2 during the session.

The stock quoted a 52-week high price of Rs 344.5 and a low of Rs 137.8. The return on equity for the stock stood at 3.09 per cent. About 124,609 shares have changed hands on the counter so far.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.85.

The scrip has been an outperformer, up 138.13 per cent in the past one year in comparison with a 36.95 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 137.8 on July 29, while the 50-DMA was at Rs 301.16. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 74.36 per cent stake in DLF Ltd. as of 30-Jun-2021. Mutual funds and foreign institutional investors held 2.02 per cent and 16.99 per cent stake.



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