Sell DLF, target Rs 160: Manas Jaiswal

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Manas Jaiswal of manasjaiswal.com has a sell call on DLF Ltd. with a target price of Rs 160. The current market price of DLF Ltd. is Rs 167.55, Time period given by the analyst is Intra Day when DLF Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 172. DLF Ltd., incorporated in 1963, is a largecap company with a market cap of Rs 29898.88 crore.
DLF Ltd. key Products/Revenue Segments include Property Development which contributed Rs 3074.78 Crore to Sales Value (83.03 % of Total Sales), Lease Rentals which contributed Rs 365.33 Crore to Sales Value (9.86 % of Total Sales), Other Operating Revenue which contributed Rs 190.62 Crore to Sales Value (5.14 % of Total Sales) and Other Services which contributed Rs 72.23 Crore to Sales Value (1.95 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 2139.03 Crore, up 41.91 % from last quarter Sales of Rs 1507.35 Crore and up 34.72 % from last year same quarter Sales of Rs 1587.71 Crore Company has reported net profit after tax of Rs 134.20 Crore in latest quarter. The company’s top management includes Dr.D V Kapur, Dr.K P Singh, Lt. Gen.Aditya Singh, Mr.A S Minocha, Mr.B Bhushan, 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. Company has S R Batliboi & Co. LLP as its auditoRs As on 30-09-2018, the company has a total of 1,784,326,699 shares outstanding.

Source: Economic Times