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Shares of DLF Rise as Nifty Gains

The IT block has received close to 70% of commitments.

Shares of DLF Ltd (NSE -0.24%) were up 0.64% at Rs 400 in Friday’s trade as of 10:51 am. During the session, it reached a high of Rs 403.2 and a low of Rs 397.2.


The stock was quoted at a 52-week high of Rs 449.8 and a low of Rs 294.75. The stock’s return on equity is 4.12%. About 68,025 shares have changed hands over the counter so far. A stock’s beta, which measures its volatility relative to the broader market, is at 1.85.


On the technical charts, the stock had a 200-day moving average (DMA) of Rs 294.75 on September 9 and a 50-day moving average of Rs 365.33. If a stock is trading well above the 50-DMA and 200-DMA, it usually means the near-term trend is up. On the other hand, if a stock is trading well below the 50-day and 200-day moving averages, it is considered a bearish trend, and if it is trading between these averages, it is a sign that the stock can go either way.
As of June 30, 2022, the promoters held 74.36% of the DLF Ltd Mutual Funds shares, and foreign institutional investors held 3.27% and 14.93% of the shares, respectively.

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