DLF shares down 2.08% as Sensex falls

DLF shares down 2.08% as Sensex falls
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Synopsis

A total of 90,384 shares changed hands on the counter till 01:35PM (IST)

Reuters
Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
Shares of DLF Ltd. fell 2.08 per cent to Rs 382.9 in Friday's session as of 01:35PM (IST) even as the equity benchmark Sensex traded 597.62 points lower at 58328.41.

Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 449.8 and a 52-week low of Rs 231.95 on NSE. Around 90384 shares changed hands on the counter till 01:35PM (IST).

The stock opened at Rs 388.25 and has touched an intraday high and low of Rs 388.45 and Rs 378.3 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 60.07, earnings per share (EPS) of Rs 6.37 and price to book value (PB) of 2.01, while the return on equity (ROE) stood at Rs 3.09.

Promoter/ FII Holding
The promoters held 74.95 per cent stake in the company as of February 11, while FII and MF ownerships stood at 17.21 per cent and 2.63 per cent, respectively.

Key Financials
With a market capitalisation of Rs 94705.43 crore, the company operates in the Real Estate industry. For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 1686.92 crore, up 8.38 per cent from the previous quarter?s Rs 1556.53 crore and up 1.12 per cent from the same quarter a year ago. The company reported net profit of Rs 379.48 crore for the latest quarter, down 15.89 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 44.15. 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.

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