DLF is one of the very volatile stocks in Indian stock market because real estate sector struggled quite in India. At one time, this stock decreased almost 80% and reduced the wealth of DLF investors overnight. On 31st Dec 2007 this stock was at Rs 1073 and 27 Feb 2009, it reach Rs 152 only. However, recently this stock is again moving up and have reached Rs 932 on 4th March 2024 because Indian real estate sector has shown many good signs of recovery and we can expect major growth in this sector soon. DLF is also hit by this uncertainty, and this is also clear from the performance of this stock which is full of many ups and downs.
When we compare the trend of last 5 years then this stock has performed very well again by giving 457% returns in the last five years and 162% returns in last one year. All this happened due to increased demand in the real state segment. If we go by the chart trends then this stock looks very bullish and may create new heights. But we all know that this segment is very volatile so we need to be cautions while investing in this stock. At present DLF stock enjoy a good promoter holding of more than 70% and it is leader in market capital.
Mutual funds have increased their investment in this stock and more of Mutual fund schemes investing in this stock has increased from 28 to 30 which shows the strong expectations from this stock. But the valuation of stock is very high and we can see some corrections future. Entering in this stock at this level is very risky because we may see profit booking at any level. But technically this stock suggest 10 to 15% up move in near future.
Present Price- 931
Action- Buy for short term
Future Potential- 10 to 15% increase possible if can take risk
Risk Level- High Risk
Future potential – 1030 - 1050 (2 to 4 month time frame)
Stop Loss –900
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