Sell DLF, target Rs 158: Sacchitanand Uttekar

INSUBCONTINENT EXCLUSIVE:
Sacchitanand Uttekar of Tradebulls Securities Private Limited has sell call on DLF Ltd
with a target price of Rs 158.0
The current market price of DLF Ltd
is Rs 166.75 Time period given by the analyst is Intra Day when DLF Ltd
price can reach the defined target
Sacchitanand Uttekar recommended to keep stoploss at Rs 173. DLF Ltd., incorporated in 1963, is a largecap company with a market cap of Rs
29756.12 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.