Shares of DLF rise as Nifty gains
DLF Ltd. gained 0.72 per cent to Rs 605.15 in Friday's trade as of 01:13PM (IST). It hit a high of Rs 606.65 and low of Rs 595.15 during the session.
The stock quoted a 52-week high price of Rs 606.65 and a low of Rs 336.55. The return on equity for the stock stood at 5.4 per cent. About 83,023 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.85.
The scrip has been an outperformer, up 54.67 per cent in the past one year in comparison with a 12.5 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 336.55 on November 10, while the 50-DMA was at Rs 544.63.
If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding Promoters held 74.08 per cent stake in DLF Ltd.
