Sell DLF, target Rs 138: Kunal Bothra

Independent analyst Kunal Bothra has a sell call on DLF Ltd. with a target price of Rs 138.0 . The current market price of DLF Ltd. is Rs 144.45 Time period given by analyst is Intra Day when DLF Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 150. DLF Ltd., incorporated in 1963, is a largecap company with a market cap of Rs 25774.60 crore.

DLF Ltd. key Products/Revenue Segments include Property Development which contributed Rs 3074.78 Crore to Sales Value (83.03 % of Total Sales), Lease Rentals which contributed Rs 365.33 Crore to Sales Value (9.86 % of Total Sales), Other Operating Revenue which contributed Rs 190.62 Crore to Sales Value (5.14 % of Total Sales) and Other Services which contributed Rs 72.23 Crore to Sales Value (1.95 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 1507.35 Crore, up 9.41 % from last quarter Sales of Rs 1377.66 Crore and down -26.39 % from last year same quarter Sales of Rs 2047.70 Crore Company has reported net profit after tax of Rs -69.06 Crore in latest quarter. The company’s top management includes Dr.D V Kapur, Dr.K P Singh, Lt. Gen.Aditya Singh, Mr.A S Minocha, Mr.B Bhushan, Mr.G S Talwar, Mr.K N Memani, Mr.Mohit Gujral, Mr.Pramod Bhasin, Mr.Rajeev Talwar, Mr.Rajiv Krishan Luthra, Mr.Rajiv Singh, Mr.Ved Kumar Jain, Mr.Vivek Mehra, Ms.Pia Singh. Company has S R Batliboi & Co. LLP as its auditoRs As on 30-09-2018, the company has a total of 1,784,326,699 shares outstanding.