Espresso shot of the day – DLF Ltd up by 8.89 percent

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Espresso shot of the day – DLF Ltd up by 8.89 percent

September 23, 2021
Espresso shot of the day – DLF Ltd up by 8.89 percent

DLF LTD 401.95 (+8.89 %) BSE – INE271C01023 | 23RD SEPTEMBER 2021

Founded in 1946 by Chaudhary Raghvendra Singh, DLF started with the creation of 22 urban colonies in Delhi. In 1985, the company expanded into the then-unknown region of Gurugram, creating exceptional living and working spaces for the new Indian global professionals. Today, DLF is the largest publicly listed Real Estate company in India, with residential, commercial, and retail properties in 15 states and 24 cities. Their diverse verticals reflect our dedication to developing ecosystems for India’s changing needs. But their foundation has always been their employees, their customers, their stakeholders and their shareholders. They invest in spearheading innovation through empowerment and optimism, in order to build the foundation of India’s future on the legacy of their past.

Recent Drivers

  • DLF Ltd has planned launches in Indore, Lucknow and Panchkula.
  • On Aug 26, 2021, the credit ratings agency has upgraded DLF's long-term rating to 'CRISIL AA Minus/Stable' from 'CRISIL A Plus/Stable'. It has also raised the short-term rating to 'CRISIL A1 Plus' from 'CRISIL A1'.
  • DLF will open sales bookings for its flagship premium luxury project, Midtown in central Delhi, in the second half of FY22. At present, the company is busy with RERA approvals for the high-rise condos. The project size is 8 MSF, of which 2.1 MSF will be delivered by H2 FY22 and the remaining 6 MSF after FY24. Midtown’s total sales potential is Rs 12,000-15,000 crores.
  • On July 26, 2021, DLF reported quarterly net profit at Rs 269.69 crores in June 2021, up 774.23% from Rs 40 crores in June 2020.
  • On July 26, 2021, DLF reported net sales at Rs 870.37 crores in June 2021, up 222.3% from Rs 270.05 crores in June 2020.
(Sources: Business Standard, Moneycontrol, Livemint)


Technical Force*

  • S&P BSE 100 month till date gain up by 1.51%
  • 3 months avg. volume of BSE: 6,19,953
  • Quantity traded: 33,79,193 | Deliverable quantity: 11,10,741 (32.87%)
  • Stock price has jumped more than 180% from one-year-low level: 142.55 (Sept 23, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 412.6 | 52-week-low: 142.55

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

 446.98

356.82

294.83

204.97

142.68

52.52

-

    -

Fibonacci Pivot

356.82

298.70

262.79

239.66

204.67

169.67

146.55

110.64

52.52


Today’s Close

401.95

SMA

BSE

10 DAY

345.88

20 DAY

337.49

50 DAY

333.51

200 DAY

289.54


Some Key Ratios (Source: BSE)

Market Cap: 99,495.15 crores

PE: 71.80

OPM%: 56.79

ROE%: 5.01

Promoters holding%: 74.95

Prev. Close: 369.15

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.