DLF shares drop 2.26% as Sensex falls
DLF Ltd. traded 2.26 per cent lower in Monday's session at 01:40PM (IST). The stock opened at Rs 830.4 and has touched an intraday high and low of Rs 837.45 and Rs 811.5, respectively, during the session so far.
The stock quoted a 52-week high of Rs 840.8 and a 52-week low of 336.55. About 65,925 shares changed hands on the counter so far.
Benchmark Nifty50 was down 140.46 points at 21642.05, while the BSE Sensex traded 442.32 points lower at 71153.17 at the time of writing of this report.
In the Nifty pack, 18 stocks traded the day in the green, while 32 were in the red.
Key Financials For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 1643.51 crore, up 11.32 per cent from the previous quarter's Rs 1476.42 crore and up 5.38 per cent from the year-ago quarter. The company reported net profit of Rs 656.61 crore for the latest quarter.
Promoter Holdings Promoters held 74.08 per cent stake in the company as of 31-Dec-2023, while FIIs held 15.75 per cent and MFs 4.12 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 570.72 on February 12, while the 50-DMA was at Rs 741.13. 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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