DLF Share Price: DLF shares gain 0.1% as Sensex rises
On the technical charts, the RSI of the stock stood at 67.38.
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On the technical charts, the RSI of the stock stood at 67.38.
DLF Ltd., a top Indian developer, is targeting non-resident Indians (NRIs) living abroad to invest in luxury apartments in India. NRIs purchased 20% of all homes sold by DLF between April-September, with most demand coming from the US, UK, Singapore, and Gulf region. NRI savings in India rose to about $189 billion in 2022. DLF is reserving inventories in all new launches for NRIs and aims to launch luxury projects worth $2.4 billion in the year through March 2024.
A total of 66,245 shares changed hands on the counter till 01:39PM (IST)
As of 30-Sep-2023, promoters held 74.08 per cent stake in the company, while FIIs held 15.89 per cent and domestic institutional investors had 3.92 per cent.
The realty stock hit a 52-week high of Rs 564 on 10 October 2023. The stock has been in a strong uptrend after it surpassed the 2009 high of Rs 490 on 31st August 2023.