DLF shares rise 0.24 per cent in Monday's trading session

Shares of DLF Ltd. rose 0.24 per cent to Rs 479.35 in Monday's trade as of 01:32PM (IST) even as the benchmark Nifty ruled at 18606.5, up 107.15 points.

The scrip had closed at Rs 478.2 in the previous session. The stock quoted a 52-week low of Rs 294.75 and a high of Rs 484.4. The company quoted a market-cap of Rs 118777.83 crore on the BSE.

On BSE, 115,160 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 58.34 times its trailing 12-month EPS of Rs 8.22 per share and 2.34 times its book value. The return on equity (ROE) stood at Rs 5.4.


Key Financials
For the quarter ended 31-Mar-2023, DLF Ltd. reported consolidated sales of Rs 1575.7 crore, up 4.63 per cent from the same quarter a year ago. The company reported 40.63 per cent YoY growth in net profit at Rs 570.01 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Monday. 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.