Sajiv Dhawan of JV Capital Services is of the view that one should buy DLF on correction.
Dhawan told CNBC-TV18, "The results of DLF are very good indeed; they beat the higher side of the market expectations. Very important stock, one of the largest market caps in a sector, which is very important to the market these days. The management has spoken very positively as one would expect. They said that margins would be met in the next year. Their diversification to hotels, SEZs in other areas apart from the Capital and the surrounding regions is also positive for the company. We maintain and accumulate, buy on all declines for the stock for any medium to longer term investor."
He further added, "I don't know whether it is going to continue with the sort of pace it has had over the last one week in anticipation of this results which has come today. But certainly it is too big a stock to be ignored by the large investors and chances of getting to the Sensex and Nifty at some stage would definitely mean that any sharp correction in the stock would be used by investors to get in, so definitely a buy on any correction."
