DLF is one of the biggest names in Indian real estate industry. During the last year’s real estate boom, DLF was one of the major Beneficiaries. Sky rocketing prices of real estate suddenly made investment in DLF very lucrative. However, present recession has made this business less profitable and due to this reason many real estate companies are finding it hard to sell their properties and arrange cash for daily business. DLF is also one of them; therefore we saw around 83% decreases in stock prices of DLF shares. DLF stock touched as low as RS 125 on stock market few days back, which was present at Rs 750 during same period last year. Major reason behind this decrease of DLF shares was problem with in hand cash with them, second news of problem in their balance sheets and third major dip in demand for their properties. According to DLF, their profits can further decrease in to red if real estate prices saw any further dip. Presently, DLF share is again seeing upward trend with around 22% increase in just one week after news that DLF has arranged enough cash for daily business and they are getting new business opportunities.
52 week H/L - Rs 899.00 - 124.15
Presently trading Rs 159
Future Potential Rs 175-180 (short term) Rs 230-240 (mid term)
Positive sentiment – Hope of package from government in next budget
Risk level – Medium
Advice – Buy at levels between Rs 130 Rs 160 and sell any levels above Rs 180 for short term and Rs 230 for mid term.
52 week H/L - Rs 899.00 - 124.15
Presently trading Rs 159
Future Potential Rs 175-180 (short term) Rs 230-240 (mid term)
Positive sentiment – Hope of package from government in next budget
Risk level – Medium
Advice – Buy at levels between Rs 130 Rs 160 and sell any levels above Rs 180 for short term and Rs 230 for mid term.