Sell DLF, target Rs 170: Dr CK Narayan

INSUBCONTINENT EXCLUSIVE:
Dr CK Narayan of Chart Advise has a sell call on DLF Ltd
with a target price of Rs 170
The current market price of DLF Ltd
is Rs 172.9 Time period given by analyst is Intra Day when DLF Ltd
price can reach defined target
Dr CK Narayan recommended to keep stoploss at Rs 177
DLF Ltd., incorporated in 1963, is a largecap company with a market cap of Rs 30853.57 crore. DLF Ltd
key Products/Revenue Segments include Property Development which contributed Rs 2366.39 Crore to Sales Value (77.43 % of Total Sales),
Rental Income which contributed Rs 412.89 Crore to Sales Value (13.51 % of Total Sales), Other Operating Revenue which contributed Rs 201.59
Crore to Sales Value (6.59 % of Total Sales) and Other Services which contributed Rs 75.04 Crore to Sales Value (2.45 % of Total Sales)for
year ending 31-Mar-2018
For quarter ended 30-09-2018, 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
Gen
(Retd.)Aditya Singh, Mr.A S Minocha, Mr.Ashok Kumar Tyagi, Mr.B Bhushan, Mr.Devinder Singh, 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, company has a total of 1,784,326,699 shares outstanding.