Sell DLF, target price Rs 206: Kunal Bothra

INSUBCONTINENT EXCLUSIVE:
Kunal Bothra of Independent Analyst has sell call on DLF Ltd
with a target price of Rs 206.0
The current market price of DLF Ltd
is Rs 213.8 Kunal Bothra recommended to keep stoploss at Rs 220 DLF Ltd., incorporated in the year 1963, is a Large Cap company (having a
market cap of Rs 53479.11 Crore) operating in Real Estate sector
DLF Ltd
key Products/Revenue Segments include Property Development which contributed Rs 2594.69 Crore to Sales Value (78.73 % of Total Sales),
Rental Income which contributed Rs 495.31 Crore to Sales Value (15.03 % of Total Sales), Other Operating Revenue which contributed Rs 204.99
Crore to Sales Value (6.22 % of Total Sales) and Royalty Income which contributed Rs .40 Crore to Sales Value (0.01 % of Total Sales)for the
year ending 31-Mar-2019
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1715.51 Crore, up 28.87 % from last quarter Sales of
Rs 1331.19 Crore and down -19.80 % from last year same quarter Sales of Rs 2139.03 Crore Company has reported net profit after tax of Rs
181.51 Crore in latest quarter
Gen
(Retd.)Aditya Singh, Mr.A S Minocha, Mr.Ashok Kumar Tyagi, 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, Ms.Priya Paul
Company has S R Batliboi - Co
LLP as its auditoRs As on 30-06-2019, the company has a total of 2,475,311,706 shares outstanding.