Buy DLF, price target Rs 255: Kunal Bothra

Independent Analyst Kunal Bothra has a buy call on DLF Ltd. with a target price of Rs 255. The current price of DLF Ltd. is Rs 232.5. Kunal Bothra recommended to keep a stop loss at Rs 215.

DLF Ltd., incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 56313.34 Crore) operating in Real Estate sector.

DLF Ltd. key Products/Revenue Segments include Property Development which contributed Rs 2594.69 Crore to Sales Value (78.73 % of Total Sales), Rental Income which contributed Rs 495.31 Crore to Sales Value (15.03 % of Total Sales), Other Operating Revenue which contributed Rs 204.99 Crore to Sales Value (6.22 % of Total Sales), Royalty Income which contributed Rs .40 Crore to Sales Value (0.01 % of Total Sales) for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1715.51 Crore, up 28.87 % from last quarter Sales of Rs 1331.19 Crore and down 19.80 % from last year same quarter Sales of Rs 2139.03 Crore. Company has reported net profit after tax of Rs 181.51 Crore in latest quarter.