DLF’s stock rose over 3% after the company announced significant progress in its high-end residential project, The Dahlias, in Gurgaon. As of 12:23 PM, DLF shares were trading 2.81% higher at Rs 723.70.
The company has sold 173 out of 420 units, each priced around ₹80 crore, receiving an overwhelming response from prominent buyers, including heads of Indian companies, entrepreneurs, and NRIs, who accounted for 12% of the sales.
This strong performance has enabled DLF to exceed its FY25 sales target of ₹17,000 crore ahead of schedule. The company is confident in completing the construction of The Dahlias within four years. Additionally, DLF is eyeing the Mumbai market, forecasting ₹1,000-2,000 crore in sales for Q4, with new projects in the pipeline. The company is also awaiting approvals for its Goa venture and has resolved past tax liabilities under the ‘Vivad se Vishwas’ scheme.
In the meantime, Jefferies has maintained a Buy rating on DLF, with a target price of ₹1,000. The brokerage raised its FY25 pre-sales estimate by 15% to ₹23,000 crore, driven by The Dahlias launch. DLF’s lease business is expected to see a 20% income increase in FY26. Despite these positive developments, the stock is currently trading at a >25% discount to its NAV, presenting a potential investment opportunity.
DLF Ltd. opened at ₹723.00, reaching a high of ₹728.50 and a low of ₹710.25 during the day. Over the past 52 weeks, the stock has seen a high of ₹967.60 and a low of ₹687.05.
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