DLF shares down 2.3% as Sensex falls

economictimes.indiatimes.com:

DLF Ltd. fell 2.3 per cent to Rs 470.75 in Monday's session as of 02:05PM (IST) even as the equity benchmark Sensex traded 1.75 points lower at 65320.9. Earlier in the day, the stock witnessed a gap down start to the session.

The stock quoted a 52-week high price of Rs 521.7 and a 52-week low of Rs 336.55 on NSE. Around 119926 shares changed hands on the counter till 02:05PM (IST). The stock opened at Rs 479.05 and has touched an intraday high and low of Rs 479.05 and Rs 463.25 during the session so far.

The counter quoted a price-to-earnings (PE) ratio of 55.63, earnings per share (EPS) of Rs 8.46 and price to book value (PB) of 2.34, while the return on equity (ROE) stood at Rs 5.4.Promoter/ FII Holding The promoters held 74.95 per cent stake in the company as of August 14, while FII and MF ownerships stood at 15.3 per cent and 3.44 per cent, respectively.Key Financials With a market capitalisation of Rs 116451.04 crore, the company operates in the Real Estate industry. For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 1521.71 crore, down 3.43 per cent from the previous quarter?s Rs 1575.7 crore and down 0.36 per cent from the same quarter a year ago. The company reported net profit of Rs 527.0 crore for the latest quarter, up 12.23 per cent from the corresponding quarter last year.Technical Indicators The relative strength index (RSI) of the stock stands at 37.65.

The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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