Buy DLF, target price Rs 450: JM Financial

JM Financial has buy call on DLF with a target price of Rs 450. The current market price of DLF Ltd. is Rs 331.2 Time period given by analyst is 9 months 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 82019.45 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 31-Mar-2022, while FIIs owned 16.35 per cent, DIIs 3.14 per cent.