BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
CLSA maintains sell on DLF
CLSA has maintained "sell" rating on DLF with a target price of Rs 120. Weak pre-sales trend is likely to continue for DLF. Company continues to generate negative cash flows of Rs 600 per quarter. We cut FY17-19 earnings estimates by 7-8 per cent.