Buy DLF, target price Rs 357: IIFL

IIFL has buy call on DLF with a target price of Rs 357. The current market price of DLF is Rs 344.2.
Time period given by analyst is Intra Day when DLF Ltd. price can reach defined target.

DLF Ltd., incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 85200.23 Crore) operating in Real Estate sector.


DLF Ltd. key Products/Revenue Segments include Property Development, Rental Income, Other Operating Revenue and Royalty Income for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1686.92 Crore, up 8.38 % from last quarter Total Income of Rs 1556.53 Crore and up 1.12 % from last year same quarter Total Income of Rs 1668.22 Crore. Company reported net profit after tax of Rs 191.21 Crore in latest quarter.

Investment Rationale
The stock reversed on touching the weekly support and has formed a bullish marubozu candle

Promoter/FII Holdings
Promoters held 74.95 per cent stake in the company as of 31-Dec-2021, while FIIs owned 17.21 per cent, DIIs 2.67 per cent.