Sell DLF, target Rs 105: CLSA
The 4Q showed glimmer of hope as New Gurgaon contributed Rs 2 bn to pre-sales. The oerall Q4 fell short of expectations during traditionally strong quarter, said the global brokerage firm.
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| Updated: CLSA downgraded DLF to sell from underperform post March quarter results and has also slashed its 12-month target price to Rs 105 from Rs 107 earlier.
The 4Q showed glimmer of hope as New Gurgaon contributed Rs 2 bn to pre-sales. The oerall Q4 fell short of expectations during traditionally strong quarter, said the global brokerage firm.
Leasing biz continued to do well in FY16. DLF set to monetize rent of the company via DCCDL stake sale.
The 4Q showed glimmer of hope as New Gurgaon contributed Rs 2 bn to pre-sales. The oerall Q4 fell short of expectations during traditionally strong quarter, said the global brokerage firm.
Leasing biz continued to do well in FY16. DLF set to monetize rent of the company via DCCDL stake sale.
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