Jefferies has maintained its buy rating on DLF with a target price of ₹1,000, highlighting the company’s focus on building a strong cash-flow-generating business backed by its high-quality land bank and proven delivery track record. The brokerage said DLF continues to stand out in the premium housing and Grade A office markets, where its brand commands a significant edge.
While the profit and loss statement may remain flattish in the near term, Jefferies said margins are trending well in underlying sales and should increasingly reflect in reported financials by FY28. It added that the stock is currently trading below its historical NAV average, providing a favourable risk-reward profile for investors seeking exposure to India’s real estate growth cycle.
Disclaimer: The views and recommendations made in this article are those of Jefferies. This article does not constitute investment advice. Investors should consult their financial advisors before making any investment decisions.
