"Sales were halted from May 1 due to RERA (real estate law) implementation. New sales bookings have opened on November 1, 2017," DLF had recently said in an analyst presentation.
Focus for the next two-three years would be to pare down the completed inventory and grow commercial business and JV with GIC, Saurabh Chawla, Senior ED-Finance, DLF.
The company’s Board approved issue of debentures and warrants to promoters in lieu of Rs 11,250 crore equity infusion into the company, as part of its objective to reduce net debt significantly.
The company currently has a debt of nearly Rs 27,000 crore and intent to reduce its debt by half.
DLF expects to raise another Rs 3,500 crore from proposed QIP, taking the total likely infusion in the company to Rs 14,000 crore.
DLF is required to launch QIP (qualified institutional placement) and also issue of warrants or debentures because of proposed infusion of about Rs 10,500 crore by promoters into the company.
LEED (Leadership in Energy and Environmental Design) is the world's most widely used and recognised green building rating system
HDFC Securities is bullish on DLF has recommended buy rating on the stock with a target price of Rs 236 in its research report dated November 13, 2017.
Real Estate stocks have been buzzing off late. In an interview to CNBC-TV18, Adhidev Chattopadhyay of ICICI Securities shared his views and readings on the sector.
Its profit stood at Rs 198.53 crore in the year-ago period, the company said in a filing to the BSE.
The Competition Commission has approved Singapore's sovereign wealth fund GIC's plan to acquire 33 percent stake in DLF Cyber City Developers for Rs 8,900 crore.
Net Sales are expected to decrease by 6.1 percent Y-o-Y (down 5 percent Q-o-Q) to Rs. 1945.3 crore, according to Edelweiss.
In an interview to CNBC-TV18, Ashok Tyagi, Group CFO, DLF gave a ground check on how real estate demand is shaping up.
Other self-made entrepreneurs who made the list include Mangal Prabhat Lodha, 61, of Lodha Group in second position and Jitendra Virwani, 51, of Embassy Property Developers, in third position the list revealed.
According to Technical Analyst Prakash Gaba of prakashgaba.com, any move above 9946 would propel the Nifty to 10041-10080 zones but looks like the Index is into a pause mode and so a dip is acceptable as long as 9850 holds.
Ahead of the The Researve Bank of India's monetary policy meeet, interest rate sensitive stocks including the likes of real Estate, NBFCs and auto stocks were trading in the green while banking stocks were mixed with SBI trading positive and ICICI Bank, HDFC Bank and Axis Bank in the red.
Rajat Bose of rajatkbose.com suggests buying DLF and advises selling Bata India.
Stocks like Infibeam slipped up to 39 percent in the trade before recouping some of the losses while, India Cements slipped 5 percent, Indo Count Industries dropped 6 percent in mid-morning trade.
Prakash Gaba of prakashgaba.com
Ashwani Gujral of ashwanigujral.com is of the view that one can buy UCO bank and Dena Bank and can sell DLF.
Sandeep Wagle of powermywealth.com is of the view that one can buy Cipla and sell DLF while can hold Piramal Enterprises and CRISIL.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can sell ICICI Bank, Jet Airways and DLF and advises buying Ajanta Pharma and Torrent Pharma.
There is likely potential risk of 6 percent equity issuance in DLF while the valuations look expensive for 3 percent FY19 return on equity, BofAML said in its report.
Samantak Das, Chief Economist and National Director- Research, Knight Frank India, said institutional funds dominated in the private equity investments, reflecting long-term confidence in India’s strong economic fundamentals.
Acccording to Ashwani Gujral of ashwanigujral.com, one can buy Larsen & Toubro, DLF and JM Financial.