Shares of DLF rise as Nifty gains

Shares of DLF Ltd. gained 2.21 per cent to Rs 883.2 in Wednesday's trade as of 10:00AM (IST). It hit a high of Rs 883.2 and low of Rs 864.3 during the session.

The stock quoted a 52-week high price of Rs 883.2 and a low of Rs 336.55. The return on equity for the stock stood at 5.4 per cent. About 46,415 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 146.98 per cent in the past one year in comparison with a 21.14 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 336.55 on February 21, while the 50-DMA was at Rs 769.73. 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 74.08 per cent stake in DLF Ltd. as of 31-Dec-2023. Mutual funds and foreign institutional investors held 4.12 per cent and 15.75 per cent stake.