Buy DLF, target price Rs 418: ICICI Direct

ICICI Direct has buy call on DLF with a target price of Rs 418. The current market price of DLF Ltd. is Rs 406.5.
Time period given by analyst is 3 days 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 100510.03 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-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1516.28 Crore, down -8.22 % from last quarter Total Income of Rs 1652.13 Crore and up 22.06 % from last year same quarter Total Income of Rs 1242.27 Crore. Company reported net profit after tax of Rs 258.15 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 74.95 per cent stake in the company as of 30-Jun-2022, while FIIs owned 16.13 per cent, DIIs 3.36 per cent.