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Bourses continue firm trade in late afternoon session - 29th March

  Indian equity benchmarks continued their firm trade in late afternoon session on account of buying in front line counters. In stock specific developments, Adani Enterprises, Lemon Tree, Adani Power and Adani Transmission stocks hits 52-week high on BSE. Globally traders took support on falling crude oil rates and optimistic about Ukraine and Russia look to continue peace talks, which could lead to an easing of sanctions on Russian oil by the West. Sector wise, airline industry remained in focused, as airports across India will see 33.81 crore passengers in 2022-23, 69.35 per cent more than the current financial year. A total of 19.96 crore passengers travelled through the airports in the country during 2021-22. On the global front, Asian markets were trading mixed and European markets were trading higher as Turkish President Recep Tayyip Erdogan opened the latest round of peace talks between Ukraine and Russia in Istanbul with a speech. The BSE Sensex is currently trading at 57790.
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Sensex, Nifty continue to trade in positive terrain – 29th March

Indian stock markets continued to trade in positive terrain in the noon session due to buying in consumer durables, healthcare and realty stocks. Buying in frontline stocks such as Bharti Airtel, Ultratech Cement and HDFC were aiding sentiment, while selling in ITC, Indusind Bank and Infosys kept the gains in the markets in check. Sentiments remained positive with Commerce and industry Minister Piyush Goyal’s statement that the free trade agreement between India and the UAE has opened huge opportunities and businesses of both countries should look at taking the bilateral trade to $250 billion by 2030. Meanwhile, Russian Foreign Minister Sergey Lavrov is likely to visit India this week and the key focus is expected to be discussions on a payment system for New Delhi's procurement of oil and military hardware from Moscow. It would be the highest-level visit from Russia to India after Moscow launched its military offensive against Ukraine on February 24. On the global front, Asian mar
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Is DLF fundamentally strong?

  The share is currently overvalued and it has a strong price trend Past 10 year’s financial track record analysis indicates that DLF Ltd is a below average quality company. DLF Ltd.’s major valuation ratios, when compared to its prior performance, appear to indicate that it is currently overvalued. The current DLF share price is Rs 364.70 Recent performance Return on Equity has grown to 5.00 percent, compared to the previous three years’ average. In the last three years, net profit has increased at a robust pace of 24.85%. Sales have increased by 61.53 percent in the last four quarters. In the last three years, sales have grown at a slow rate of 8.40 percent. DLF has increased its sales income potential by 17% to Rs 47,000 crore in the medium term, from 35 million square feet of planned new housing and commercial developments. It expects sales of Rs 17,500 crore. Sales revenue from its 8 million square foot luxury home project in Singapore, which it is developing
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