Buy DLF, target price Rs 450: HDFC Securities

HDFC Securities has buy call on DLF with a target price of Rs 450. The current market price of DLF Ltd. is Rs 347.55.
Time period given by analyst is one year 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 85682.91 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 31-03-2022, the company reported a Consolidated Total Income of Rs 1652.13 Crore, down -2.06 % from last quarter Total Income of Rs 1686.92 Crore and down -13.35 % from last year same quarter Total Income of Rs 1906.59 Crore. Company reported net profit after tax of Rs 223.54 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.