Latest news with #DLFCity
Business Upturn
5 days ago
- Business
- Business Upturn
DLF share: Jefferies, BoFA Sec, Motilal Oswal, Nuvama, Antique maintain buy; Nomura neutral
By Arunika Jain Published on August 6, 2025, 08:25 IST Brokerages remain broadly positive on DLF following its Q1FY26 update and a confident outlook by the management for the rest of the year. While multiple houses reiterated their 'Buy' ratings, Nomura maintained a neutral stance, citing limited upside risks to pre-sales targets. The pre-sales guidance of ₹20,000–₹22,000 crore for FY26 is seen as achievable by most, especially after a strong Q1 start. Jefferies on DLF share: Buy, TP ₹1,000 Jefferies noted that DLF had an 'upfronted start' to FY26, which bolstered management's confidence in meeting the ₹220 billion pre-sales target. The successful launch in Mumbai also opens avenues for more projects in the city. The brokerage pointed out that strong cash generation (₹33/share net cash) is a key positive, and the focus may now shift to lease income as major properties near completion. Residential completions are largely expected from FY28 onwards. BoFA Securities on DLF share: Buy, TP ₹945 BoFA Securities also retained a positive stance after a robust Q1, where DLF achieved over 50% of its full-year pre-sales target. It highlighted the success of Mumbai Phase 1 and expects 15% CAGR in the annuity portfolio. The brokerage said the company is likely to use growing cash flows to distribute dividends over the next two years. Motilal Oswal on DLF share: Buy, TP ₹1,005 MOSL reaffirmed its Buy call, pointing to a positive outlook and a ₹62,900 crore project pipeline in the medium term. While the Privana launch helped boost sales, collections were slightly underwhelming. FY26 pre-sales guidance was reiterated at ₹20,000–22,000 crore. Key upcoming launches include Goa (FY26), Mumbai Phase 2 (FY27), and DLF City (FY27). Capex of ₹5,000 crore annually has been guided for FY26 and FY27. Nuvama on DLF share: Buy, TP ₹1,005 Nuvama said DLF's new launches are driving strong booking momentum. The brokerage maintained its Buy rating and highlighted pre-sales guidance of ₹20,000–22,000 crore for FY26E, with exit rentals expected to reach ~₹6,700 crore. DLF is likely to retain leadership in margins, cash flow, and annuity rental growth. Antique on DLF share: Buy, TP ₹933 Antique remains positive, citing a strong cash flow visibility of ₹46,500 crore over the next 3–4 years. The firm considers the FY26 pre-sales guidance of ₹20,000–22,000 crore as achievable. While no major near-term surprises are expected, the residential business is being valued at 14x 1HFY28E earnings. Nomura on DLF share: Neutral, TP ₹740 Nomura was more cautious, stating that while rental growth is healthy, there is low upside risk to the pre-sales target. It expects consolidated rental income to grow at a 15% CAGR between FY25 and FY28. Disclaimer: The views and investment recommendations expressed by brokerages are their own and do not represent the views of this publication. Investors are advised to consult certified financial advisors before making any investment decisions. Ahmedabad Plane Crash Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
Time of India
05-05-2025
- Politics
- Time of India
Man poses as Haryana CM's OSD, asks official to remove power poles; arrested
Gurgaon: A man posing as an officer on special duty (OSD) to the Haryana chief minister was arrested on Monday. The accused pressured a power department official to remove electric poles near a plot belonging to one of his acquaintances, officials said. Amit Chaudhary (39), a resident of Nathupur, was taken into custody on May 3 following a complaint filed on April 1 at the Sector 56 police station. You Can Also Check: Gurgaon AQI | Weather in Gurgaon | Bank Holidays in Gurgaon | Public Holidays in Gurgaon Chaudhary posed as an OSD to CM Nayab Singh Saini and called SDO Satish Chand of the DLF City sub-division, claiming to be calling from the CM's office. He pressured the official to remove poles near a plot belonging to one of his acquaintances. Suspicious of the call, the official alerted the police. "Investigations revealed that Chaudhary had created a fake profile on Truecaller to support his claims. He has a prior criminal history and was earlier arrested for cheating a man in Panchkula of Rs 57 lakh by pretending to be an OSD to Union home minister Amit Shah, promising him a petrol pump license. He also faces two pending cheque bounce cases," a police officer said. Police have recovered the mobile phone used in the offence. It was further revealed that Chaudhary is the nephew of BJP councillor Sunder Singh. In March, a 30-year-old man was arrested from Mehrauli, who posed as a DCP in Delhi Police, and sought an escort from the Faridabad Police for a visit. The investigations revealed that the accused wanted to visit a woman's residence whom he had been stalking. Similarly, later that month, the Enforcement Directorate (ED) arrested a person claiming to be a senior official of the probe agency who had extorted Rs 80 lakh from multiple people.
