Buy DLF, target price Rs 463: Yes Securities

Yes Securities has buy call on DLF with a target price of Rs 463. The current market price of DLF is Rs 441.45.
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 109346.89 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 30-06-2021, the company reported a Consolidated Total Income of Rs 1242.27 Crore, down -34.84 % from last quarter Total Income of Rs 1906.59 Crore and up 92.01 % from last year same quarter Total Income of Rs 646.98 Crore. Company reported net profit after tax of Rs 202.54 Crore in latest quarter.

Investment Rationale
After breaking through the recent minor consolidation phase, the stock is defending levels of 430 on the downside. Sustenance at current levels is likely to continue stock’s on-going journey at multi-year higher zone.

Promoter/FII Holdings
Promoters held 74.95 per cent stake in the company as of 30-Sep-2021, while FIIs owned 17.62 per cent, DIIs 2.39 per cent.