Its asset quality improved with gross Non Performing Assets (NPAs) falling to 3 per cent from 3.82 per cent and net NPAs to 1 per cent from 1.14 per cent, L&T Finance Holdings managing director and chief executive Dinanath Dubhashi said.
On the daily chart, DLF has successfully broken out above a 'consolidation zone' ranging from Rs 543- 514. The weekly strength indicator RSI given a crossover above its reference line generated a buy signal.
The stock hit a 52-week high of Rs 140 on 3 July but failed to hold on to the momentum. It then witnessed some profit booking, which took it below 50-DMA earlier in August. Post the recent correction from July, the stock bounced back after making a strong base above Rs 116-117 levels. The stock closed at Rs 129 on 4 September, which translates into an upside of over 10%
Revenue from operations during the reporting quarter jumped 8% to Rs 3,223 crore as against Rs 2,988 crore clocked in the previous year quarter. The company said it has achieved "Lakshya 2026 goal" of over 80% retailisation three years in advance.