The brokerage has an ‘add’ rating on the stock. The company intends to launch new projects of over 8 million square feet (msf). It is also targeting an annual booking run-rate of at least Rs 40 billion. This is against the pre-COVID levels of Rs 20-25 bullion. “With new inventory released for sale in its independent floors across DFL City, Gurugram, new Gurugram, and Tri-City, Chandigarh, we expect DLF to clock Rs 10 billion in Q2 FY22 as well,” ICICI Securities said.
(Edited by : Ajay Vaishnav)