DLF shares down 3.66% as Sensex falls

Shares of DLF Ltd. fell 3.66 per cent to Rs 351.8 in Wednesday's session as of 01:53PM (IST) even as the equity benchmark Sensex traded 655.67 points lower at 60323.08.

Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 418.45 and a 52-week low of Rs 294.75 on NSE. Around 123015 shares changed hands on the counter till 01:53PM (IST).

The stock opened at Rs 362.25 and has touched an intraday high and low of Rs 363.65 and Rs 348.6 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 50.31, earnings per share (EPS) of Rs 6.99 and price to book value (PB) of 2.59, while the return on equity (ROE) stood at Rs 4.12.

Promoter/ FII Holding
The promoters held 74.95 per cent stake in the company as of January 25, while FII and MF ownerships stood at 14.84 per cent and 3.69 per cent, respectively.

Key Financials
With a market capitalisation of Rs 87106.22 crore, the company operates in the Real Estate industry. For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 1360.5 crore, down 10.27 per cent from the previous quarter?s Rs 1516.28 crore and down 12.59 per cent from the same quarter a year ago. The company reported net profit of Rs 477.04 crore for the latest quarter, up 25.88 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 27.99. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.