Goldman Sachs upgraded its rating for DLF to "buy" from "neutral", citing upcoming residential project launches worth Rs 13000 crore over the next three quarters.
The upcoming projects include residential developments in Gurgaon, close to the capital, New Delhi. Avoid DLF, says Sudarshan Sukhani
Goldman said DLF would also benefit from expected cuts in interest rates and continued debt reduction.
The investment bank raised its 12-month target price on DLF shares to Rs 295 from Rs 224. The company's shares were down 1 percent at Rs 248.8 as of 10:11 a.m. HDIL shares extend slump after exec sells partial stake
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