DLF: A Potentially Lucrative Investment Opportunity? Religare Broking Targets Rs 454

Learn about Religare Broking's buy call on DLF, a prominent real estate company with a market cap of Rs 105497.78 crore. With a target price of Rs 454 and a stop-loss recommendation of Rs 410, get insights on DLF's financials, revenue streams, and recent performance. For the quarter ended 31-12-2022, DLF reported a consolidated total income of Rs 1559.66 Crore, representing a growth of 14.64% from the previous quarter. Discover more about DLF's key products and revenue segments in this comprehensive analysis. This meta description highlights the key points of the content, including the "buy" call on DLF, target price, stop-loss recommendation, financials, revenue streams, and other relevant information. It can help search engines and users quickly understand what the content is about and entice them to click through to read the full article.

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May 2, 2023 - 12:36
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DLF: A Potentially Lucrative Investment Opportunity? Religare Broking Targets Rs 454

Religare Broking, a leading brokerage firm, has recently recommended a "buy" call on DLF Limited with a target price of Rs 454. At the time of writing, the current market price of DLF stands at Rs 422.95. According to the brokerage firm, investors should set their stop-loss at Rs 410 to mitigate any potential losses.

DLF, founded in 1963, is a prominent player in the real estate sector with a market capitalization of Rs 105497.78 crore. The company's primary revenue streams are derived from property development, rental income, other operating revenue, and royalty income, as reported in their latest financial statements for the year ending 31-Mar-2022.

In terms of financials, for the quarter ended 31-12-2022, DLF reported a consolidated total income of Rs 1559.66 crore, which is an increase of 14.64% from the previous quarter's total income of Rs 1360.50 crore. However, this figure represents a decline of -7.54% from the total income of Rs 1686.92 crore reported during the same quarter last year. DLF also reported a net profit after tax of Rs 297.65 crore for the same period.