Moneycontrol PRO
Upcoming Webinar:Join us for 'The Future Techshot' on Sept 22, 10:30am to gain insights into role of tech in streamlining businesses. Register Now!

Hold DLF; target of Rs 185: Edelweiss

Edelweiss recommended hold rating on DLF with a target price of Rs 185 in its research report dated May 26, 2017.

June 09, 2017 / 07:58 AM IST
  • bselive
  • nselive
Todays L/H

Edelweiss' research report on DLF

DLF’s residential new sales continued to remain lackluster in Q4FY17. We expect this to continue in ensuing quarters as well given sustained slowdown in its mainstay Gurgaon market coupled with limited visibility on new launches. Though rental business is robust, meaningful uptick in annuity income is likely only post FY19 when upcoming assets become operational.


We expect muted operations for DLF in coming quarters. Valuation of promoter stake sale in rental assets, improvement in Gurgaon market and new launches are key stock catalysts. Earnings‐based valuations appear rich versus peers – 37x / 33x FY18E / FY19E EPS (ex‐CCPS deal impact). We maintain ‘HOLD/SU’.

For all recommendations, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

first published: May 29, 2017 04:14 pm

stay updated

Get Daily News on your Browser
ISO 27001 - BSI Assurance Mark