DLF shares drop 0.08% as Sensex rises
DLF Ltd. traded 0.08 per cent lower in Monday's session at 11:05AM (IST).
The stock opened at Rs 501.15 and has touched an intraday high and low of Rs 508.5 and Rs 492.45, respectively, during the session so far. The stock quoted a 52-week high of Rs 517.5 and a 52-week low of 336.55.
About 109,982 shares changed hands on the counter so far. Benchmark Nifty50 was up 23.75 points at 19768.75, while the BSE Sensex traded 55.82 points higher at 66740.08 at the time of writing of this report.
In the Nifty pack, 32 stocks traded the day in the green, while 17 were in the red.Key Financials 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 year-ago quarter. The company reported net profit of Rs 527.0 crore for the latest quarter.Promoter Holdings Promoters held 74.95 per cent stake in the company as of 30-Jun-2023, while FIIs held 15.3 per cent and MFs 3.44 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 407.37 on July 24, while the 50-DMA was at Rs 487.44.
If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.
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