On Friday, DLF Ltd. saw a small increase in stock price, going up by 0.78% to reach Rs 857.10 by 01:17 PM (IST). The day started well for the stock, with prices climbing right away.
According to the stock market data from the BSE, about 72,290 shares were traded, bringing in a total of Rs 6.14 crore by noon. DLF’s price-to-earnings (P/E) ratio is 58.73, which means investors are paying Rs 58.73 for every Rs 1 of profit the company earns. The price-to-book (P/B) ratio is 5.64, showing how much investors value the company’s assets. DLF’s return on equity (ROE) stands at 6.91%, reflecting the company’s ability to generate profit from its shareholders’ investments.
During the trading session, DLF’s stock reached a high of Rs 858.00 and a low of Rs 843.00. The highest price in the past year was Rs 967.00, while the lowest was Rs 641.30. The stock has a beta value of 1.8504, indicating it can be more volatile compared to the wider market.
Technicals at a Glance:
– 200-Day Moving Average (200-DMA): Rs 851.27
– 50-Day Moving Average (50-DMA): Rs 831.32
If a stock price is above both the 50-DMA and 200-DMA, it usually signals a positive trend. However, if it’s below both, it suggests a negative trend. Trading between the two averages indicates uncertainty.
Currently, the Relative Strength Index (RSI) of DLF is 62.02. The RSI helps assess whether a stock is overbought (above 70) or oversold (below 30).
Who Owns DLF?
As of June 30, 2024, the promoters own 74.08% of the company. Overseas investors hold 16.16%, while local institutional investors own 4.75%.
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