Share price of DLF rises as Nifty weakens

The return on equity (ROE) for the stock stood at 4.12 per cent. Traded volume on the counter stood at 12:18PM shares and turnover at Rs 1.93 crore around that time. The stock of DLF Ltd. quoted a 52-week high price of Rs 449.8 and 52-week low prices of Rs 287.45, respectively.

The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.85.

Promotor/FII Holding

Promoters held 74.36 per cent stake in the company as of 30-Jun-2022, while FIIs held 14.93 per cent and domestic institutional investors had 3.27 per cent.

Key Financials

The company reported consolidated sales of Rs 1652.13 crore for the quarter ended 31-Mar-2022, down 2.06 per cent from previous quarter’s Rs 1686.92 crore and down 13.35 per cent from the year-ago quarter’s Rs 1906.59 crore. Net profit after tax for the latest quarter stood at Rs 405.33 crore, down 15.72 per cent from the same quarter a year ago.

Technicals
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.

It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.