According to Morgan Stanley, the company has restructured its business and improved its balancesheet, which can be potentially debt-free.
Shares of DLF added 2 percent intraday Monday as foreign broking firm Morgan Stanley has resumed its coverage with equal-weight with a target of Rs 225 per share.
According to Morgan Stanley, the company has restructured its business and improved its balancesheet, which can be potentially debt-free.
The company appears to be fairly valued in terms of sector and earnings growth visibility, while the trigger will be strong sustained earnings/cash flows, it added.
At 11:46 hrs DLF was quoting at Rs 206.10, up Rs 1.70, or 0.83 percent on the BSE.
The share touched its 52-week high Rs 273.95 and 52-week low Rs 153 on 11 January, 2018 and 07 April, 2017, respectively.
Currently, it is trading 24.8 percent below its 52-week high and 34.64 percent above its 52-week low.
Posted by Rakesh Patil