Buy DLF, target price Rs 295: Yes Securities

Buy DLF, target price Rs 295:  Yes Securities

Yes Securities has buy call on with a target price of Rs 295. The current market price of DLF Ltd. is Rs 278.85.

DLF Ltd., incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 69011.69 Crore) operating in Real Estate sector.

For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1668.22 Crore, down -3.18 % from last quarter Total Income of Rs 1723.09 Crore and up 8.80 % from last year same quarter Total Income of Rs 1533.34 Crore. Company reported net profit after tax of Rs 282.52 Crore in latest quarter.

Investment Rationale
Multiple support is seen near Rs 273-275 zone. Sustenance above for the same could attract buying interest.

Promoter/FII Holdings
Promoters held 74.9 per cent stake in the company as of June 30, 2020, while FIIs held 18.5 per cent, DIIs 1.8 per cent and public and others 4.7 per cent.

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