DLF shares rise 0.39 per cent in Tuesday's trading session

DLF shares rise 0.39 per cent in Tuesday's trading session
ETMarkets.com
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Synopsis

The Relative Strength Index of the stock stood at 52.6 on Tuesday.

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
Shares of Ltd. rose 0.39 per cent to Rs 396.0 in Tuesday's trade as of 11:26AM (IST) even as the benchmark Nifty ruled at 17683.70, up 58.0 points.

The scrip had closed at Rs 394.45 in the previous session. The stock quoted a 52-week low of Rs 231.95 and a high of Rs 449.8. The company quoted a market-cap of Rs 98307.0 crore on the BSE.

On BSE, 98,796 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 59.65 times its trailing 12-month EPS of Rs 6.66 per share and 2.01 times its book value. The return on equity (ROE) stood at Rs 3.09.

Key Financials
For the quarter ended 30-Sep-2021, DLF Ltd. reported consolidated sales of Rs 1556.53 crore, up 9.67 per cent from the same quarter a year ago. The company reported 63.24 per cent YoY growth in net profit at Rs 378.95 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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.

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