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Buy DLF, price target Rs 233: CK Narayan

The analyst suggested a stoploss at Rs 222.

ETMarkets.com|
Updated: Dec 12, 2019, 11.42 AM IST
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DLF Ltd., incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 55174.70 Crore) operating in Real Estate sector.
CK Narayan of Chart Advise has a buy call on DLF Ltd. with a target price of Rs 233.0 . The current price of DLF Ltd. is Rs 224.8 . CK Narayan recommended to keep a stoploss at Rs 222 .

DLF Ltd., incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 55174.70 Crore) operating in Real Estate sector.

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 30-09-2019, the company has reported a Consolidated sales of Rs 1715.51 Crore, up 28.87 % from last quarter Sales of Rs 1331.19 Crore and down -19.80 % from last year same quarter Sales of Rs 2139.03 Crore Company has reported net profit after tax of Rs 181.51 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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