15 hours ago
HomeMarket NewsDLF shares rise after Jefferies joins list of analysts expecting the stock to cross ₹1,000 mark
Of the 23 analysts that have coverage on the stock, 21 have a "buy" rating and two have a "hold" rating. Jefferies is one among the nine analysts who have a price target of or in excess of ₹1,000 on DLF.
Shares of DLF Ltd. gained on Friday, September 5, as brokerage firm Jefferies projected a 32% upside on the stock.
Jefferies maintained its "buy" rating on DLF with a price target of ₹1,000 per share. The stock ended the previous session at ₹758.1 apiece.
The brokerage said DLF's focus is on building a strong cash flow generating company, as the combination of a high quality land bank and excellent product delivery reflect in its standout brand in the upper-end housing and Grade A office market.
Though its bottomline may stay flattish in the near term, its margins are on an upward trend and by the financial year 2028 it should reflect in the reported numbers as well, Jefferies said.
The stock is trading below its historical net asset value (NAV) average, providing a favourable risk-reward, the brokerage added.
Of the 23 analysts that have coverage on the stock, 21 have a "buy" rating and two have a "hold" rating. Jefferies is one among the nine analysts who have a price target of or in excess of ₹1,000 on DLF.
DLF shares were trading 1.1% up at ₹766.5 apiece around 9.50 am. The stock has gained 15.7% in the last six months.
