Buy DLF, target price Rs 450: JM Financial

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Buy DLF, target price Rs 450: JM Financial


JM Financial has buy call on with a target price of Rs 450. The current market price of DLF is Rs 393.5. Time period given by analyst is six months when its price can reach defined target.

DLF, incorporated in the year 1963, is a large cap company (having a market cap of Rs 97304.50 Crore) operating in Real Estate sector.

Its key products/revenue segments include property development, rental income, other operating revenue and royalty income for the year ended March 31, 2022.




Financials

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 1516.28 crore, down 8.22 per cent from last quarter total income of Rs 1652.13 crore and up 22.06 per cent from last year same quarter total income of Rs 1242.27 crore. Company has reported net profit after tax of Rs 258.15 crore in latest quarter.

The company’s top management includes Lt. Gen. (Retd.)Aditya Singh, Mr.Rajiv Krishan Luthra, Mr.Pramod Bhasin, Mr.Devinder Singh, Mr.Ashok Kumar Tyagi, Ms.Anushka Singh, Ms.Savitri Devi Singh, Mr.Rajiv Singh, Dr.K P Singh, Ms.Priya Paul, Mr.Vivek Mehra, Ms.Pia Singh, Mr.A S Minocha, Mr.Ved Kumar Jain. Company has S R

& Co. LLP as its auditors. As on June 30, 2022, the company has a total of 248 crore shares outstanding.

Promoter/FII Holdings
Promoters held 74.95 per cent stake in the company as of June 30, 2022, while FIIs owned 16.13 per cent, DIIs 3.36 per cent.

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