Buy DLF with a target Rs 206: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on DLF Ltd. with a target price of Rs 206.0 .The current market price of DLF Ltd. is 196.85 Time period given by analyst is Intra Day when DLF Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 193.0 .

DLF Ltd., incorporated in the year 1963, is a largecap company with a market cap of ₹ 35118.10 crore operating in Construction sector.

DLF Ltd. key Products/Revenue Segments include Property Development which contributed ₹ 2065.27 Cr to Sales Value (84.25 % of Total Sales), Lease Rentals which contributed ₹ 241.50 Cr to Sales Value (9.85 % of Total Sales), Other Operating Revenue which contributed ₹ 91.26 Cr to Sales Value (3.72 % of Total Sales) and Other Services which contributed ₹ 53.32 Cr to Sales Value (2.17 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Consolidated sales of ₹ 2057.92 Cr., down -.62% from last quarter Sales of ₹ 2070.67 Cr. and down -30.23% from last year same quarter Sales of ₹ 2949.54 Cr. Company has reported net profit after tax of ₹ 125.55 Cr. in latest quarter. The company’s CEO is Dr.K P Singh. It's Board of Directors include Mr.Subhash Setia, Dr.D V Kapur, Dr.K P Singh, Lt. Gen.Aditya Singh, Mr.A S Minocha, Mr.Ashok Kumar Tyagi, Mr.B Bhushan, Mr.G S Talwar, Mr.K N Memani, Mr.Mohit Gujral, Mr.Pramod Bhasin, Mr.Rajeev Talwar, Mr.Rajiv Krishan Luthra, Mr.Rajiv Singh, Mr.Subhash Setia, Mr.Ved Kumar Jain, Ms.Pia Singh. Company has its registered office at Shopping Mall, , 3rd Floor, , Arjun Marg, Gurgaon, 122002, Haryana. Company has Walker, Chandiok & Co.LLP as its auditors. As on 31-03-2017, the company has a total of 1,784,003,090 shares outstanding.