Sell DLF, target Rs 170: Dr CK Narayan

Dr CK Narayan of Chart Advise has a sell call on DLF Ltd. with a target price of Rs 170. The current market price of DLF Ltd. is Rs 172.9 Time period given by the analyst is Intra Day when DLF Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 177. DLF Ltd., incorporated in 1963, is a largecap company with a market cap of Rs 30853.57 crore.

DLF Ltd. key Products/Revenue Segments include Property Development which contributed Rs 2366.39 Crore to Sales Value (77.43 % of Total Sales), Rental Income which contributed Rs 412.89 Crore to Sales Value (13.51 % of Total Sales), Other Operating Revenue which contributed Rs 201.59 Crore to Sales Value (6.59 % of Total Sales) and Other Services which contributed Rs 75.04 Crore to Sales Value (2.45 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 2139.03 Crore, up 41.91 % from last quarter Sales of Rs 1507.35 Crore and up 34.72 % from last year same quarter Sales of Rs 1587.71 Crore Company has reported net profit after tax of Rs 134.20 Crore in latest quarter. The company’s top management includes Dr.D V Kapur, Dr.K P Singh, Lt. Gen. (Retd.)Aditya Singh, Mr.A S Minocha, Mr.Ashok Kumar Tyagi, Mr.B Bhushan, Mr.Devinder Singh, 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.Ved Kumar Jain, Mr.Vivek Mehra, Ms.Pia Singh. Company has S R Batliboi & Co. LLP as its auditoRs As on 30-09-2018, the company has a total of 1,784,326,699 shares outstanding.