DLF Shares Snap Two-Day Decline After Rs 5,600-Crore Luxury Sales
Twelve out of the 19 analysts tracking the company have a 'buy' rating on the stock.
Shares of DLF Ltd. snapped a two-day decline and after its latest luxury residential property achieved a sell-out value of Rs 5,590 crore in just three days, the company said in an exchange filing. The scrip rose over 2% on Thursday
DLF Privana West in Gurgaon recorded the milestone, which followed the real-estate firm's DLF Pirvana South's earlier success.
DLF's stock rose as much as 2.16% during the day to Rs 870.95 apiece on the NSE. It was trading 0.93% higher at Rs 860.30 per share, compared to a 0.69% decline in the benchmark Nifty 50 at 10:33 a.m.
The share price has gained 99.09% in the last 12 months and 17.83% on a year-to-date basis. The total traded volume so far in the day stood at 0.35 times its 30-day average. The relative strength index was at 42.68.
Twelve out of the 19 analysts tracking the company have a 'buy' rating on the stock, four recommend 'hold' and three suggest 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential downside of 2.2%.
