Shares of DLF Ltd. rise as Nifty gains

Shares of DLF Ltd. gained 6.18 per cent to Rs 293.9 in Tuesday's trade as of 10:00AM (IST). It hit a high of Rs 294.75 and low of Rs 279.15 during the session.

The stock quoted a 52-week high price of Rs 294.75 and a low of Rs 114.5. The return on equity for the stock stood at -1.69 per cent. About 475,942 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 underperformer, up 12.54 per cent in the past one year in comparison with a 17.54 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 114.5 on January 19, while the 50-DMA was at Rs 219.48. 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 31-Dec-2020. Mutual funds and foreign institutional investors held 1.58 per cent and 18.28 per cent stake.