has buy call on with a target price of Rs 320. The current market price of DLF is Rs 288.75.
DLF Ltd., incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 71511.76 Crore) operating in Real Estate sector.
DLF Ltd., incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 71511.76 Crore) operating in Real Estate sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 1543.03 Crore, down 4.15 % from last quarter Sales of Rs 1609.82 Crore and up 14.99 % from last year same quarter Sales of Rs 1341.87 Crore Company has reported net profit after tax of Rs 282.52 Crore in latest quarter.
Investment Rationale
DLF has given a strong swing move upwards after completing its first round of correction. It could face minor resistance around Rs 300 levels and could see a fresh up move once this level is breached.
Promoter/FII Holdings
Promoters held 74.9 per cent stake in the company as of June 30, 2020, while FIIs held 18.5 per cent, DIIs 1.8 per cent and public and others 4.7 per cent.
