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Stock Analysis, IPO, Mutual Funds, Bonds & More

Sell DLF, target Rs 178: Kunal Bothra

Sell DLF Ltd. at a price target of Rs 178.0 and a stoploss at Rs 188 from entry point.

ETMarkets.com|
Updated: Nov 05, 2019, 09.39 AM IST
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Independent analyst Kunal Bothra has a sell call on DLF Ltd. with a target price of Rs 178. The current market price of DLF Ltd is Rs 183. Time period given by the analyst is Intra Day when DLF Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 188. DLF Ltd., incorporated in 1963, has a market cap of Rs 45607.62 crore.

DLF Ltd. key Products/Revenue Segments include Property Development which contributed Rs 2594.69 Crore to Sales Value (78.73 % of Total Sales), Rental Income which contributed Rs 495.31 Crore to Sales Value (15.03 % of Total Sales), Other Operating Revenue which contributed Rs 204.99 Crore to Sales Value (6.22 % of Total Sales) and Royalty Income which contributed Rs .40 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 1331.19 Crore, down -46.76 % from last quarter Sales of Rs 2500.43 Crore and down -11.69 % from last year same quarter Sales of Rs 1507.35 Crore Company has reported net profit after tax of Rs 148.89 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.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, Ms.Priya Paul. Company has S R Batliboi & Co. LLP as its auditors. As on 30-06-2019, the company has a total of 2,475,311,706 shares outstanding.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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