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STOCK MARKET

Shares of DLF Rise as Nifty Gains

The company has provided guidance to achieve Rs 17,000 crore worth of sales bookings for the current fiscal year.

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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