BIG Upgrade on DLF: Edelweiss says BUY DLF, price target Rs 370 (44% potential upside)
DLF is the largest (by market-cap) real estate player in India with exposure across office, retail (mall) and residential assets. The company is an established player in Delhi-NCR and is also present in 17 other cities across 13 Indian states. Edelweiss believes that the renewed focus on residential business a key positive for DLF going forward and the stock price can see huge rerating from here on
DLF’s current launch pipeline includes plans to develop only five of the 20 locations that the company has exposure to, which leaves the company ample scope to develop a few more land parcels in the future: Reuters