DLF shares rise amid positive analyst reports following strong Q1 pre-sales

The stock has gained nearly 13 percent in the past six months, slightly underperforming the Nifty 50 index which was able to gain nearly 15 percent during the same time frame.

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26 Aug, 2025 12:21

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DLF shares extended gains and rose nearly 5 percent on July 29 after brokerages pointed out the company's robust sales performance, expansion plans, and improved cash flow. Kotak Institutional Equities and Motilal Oswal Financial Services, however, differed in their valuation perspectives and target prices.

At 11:06 AM, DLF shares were up over 4 percent at Rs 865 apiece.

The stock has gained nearly 13 percent in the past six months, slightly underperforming the Nifty 50 index which was able to gain nearly 15 percent during the same time frame.

Motilal Oswal, with a 'Neutral' rating and a target price of Rs 850, was of the view that DLF shares have limited upside potential. Kotak Institutional Equities, on the other hand, reiterated its 'Add' rating and increased its target price on DLF shares to Rs 960 from Rs 910 per share, reflecting strong growth prospects.

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Kotak Institutional Equities said that DLF shares have corrected 13 percent from their highs due to fears of a slowdown in the Gurgaon market, though demand remains robust for appropriately priced products.

On July 25, DLF posted a strong start to FY25, with Q1 pre-sales reaching Rs 6,404 crore, bolstered by the sell-out at Privana West. The company also reported a 23 percent YoY jump in its net profit at Rs 646 crore for the quarter ended June. Meanwhile, its revenue rose 14 percent YoY to Rs 1,730 crore.

Looking beyond FY25, DLF's pipeline is set to expand to Rs 62,500 crore over the next 2-3 years. DLF aims to launch Rs 42,000 crore worth of projects in FY25. The company plans significant launches in Goa, Mumbai, and Gurgaon over the coming quarters.

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In its commercial segment, DLF Cyber City Developers Ltd's (DCCDL) rental income increased by 10 percent YoY, driven by new assets and higher occupancy. The total revenue from DCCDL stood at Rs 1,500 crore, with future rentals expected to reach Rs 6,000 crore by FY26-end. DCCDL is a joint venture between DLF and Singapore's sovereign wealth fund GIC.

DLF is a real estate developer with over 70 years of experience. The company has completed over 178 projects across 349 million square feet. The group holds a development potential of around 220 million square feet and an annuity portfolio of over 44 million square feet.

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