DLF shares fall as Nifty weakens

Shares of DLF Ltd were down 0.6 percent in Wednesday’s trade at 12:38PM (IST) at Rs. 842.25. During the session, the stock traded at Rs. 847.6 higher prices and Rs. It touched a low of 826.7.

The return on equity (ROE) for the stock was 6.91 percent. Over the Counter Traded Volume at 12:38PM Shares and Turnover Rs. 2.67 crore was around. Shares of DLF Ltd. respectively Rs. 967.0 to its 52-week high and Rs. A 52-week low of 503.25 was shown.

The stock’s beta value, which measures its volatility relative to the broader market, stood at 1.85.

Promoter/FII holding

Promoters held 74.08 per cent stake in the company as on 30-Jun-2024, while FIIs held 16.16 per cent and domestic institutional investors held 3.46 per cent.

Chief Financial Officer

For the quarter ended 30-Jun-2024, the company posted Rs. 1729.82 crores reported consolidated sales, up from the previous quarter’s Rs. 2316.7 crore was down 25.33 percent from the year-ago quarter’s Rs. 1521.17 crore was 13.68 percent less than that. The net profit after tax in the latest quarter was Rs. 645.61 crore, which was 22.51 percent higher than the same quarter a year ago.

Technicals
MACD indicated a bearish bias on the counter. MACD is known for indicating the opposite trend in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called a signal line, is plotted above the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.