Feb 25, 2013, 11.26 AM IST

Buy DLF, says Sudarshan Sukhani

DLF currently is just breaking out to new highs for this upmove. It is a buying opportunity. It is being supported by a very strong long-term outlook on charts that is on prices, says Sudarshan Sukhani of s2analytics.com.

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DLF currently is just breaking out to new highs for this upmove. It is a buying opportunity. It is being supported by a very strong long-term outlook on charts that is on prices, says Sudarshan Sukhani of s2analytics.com.


Sukhani told CNBC-TV18, " DLF is something that has a theme. It is a long-term buying opportunity. I have spoken about it and put it in my buy list repeatedly. The reason why it comes again and again is because it gives us new buying opportunities. So this theme is going to be a long-term affair.”


He further added, “DLF currently is just breaking out to new highs for this upmove. It is a buying opportunity. It is being supported by a very strong long-term outlook on charts that is on prices. So in both cases I think DLF is worth buying into.”


The company's trailing 12-month (TTM) EPS was at Rs 6.13 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 45.42. The latest book value of the company is Rs 85.34 per share. At current value, the price-to-book value of the company was 3.26. The dividend yield of the company was 0.72%.


The share touched its 52-week high Rs 283 and 52-week low Rs 169.55 on 22 February, 2013 and 04 June, 2012, respectively. Currently, it is trading 1.59% below its 52-week high and 64.26% above its 52-week low. Market capitalisation stands at Rs 47,307.89 crore.


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