DLF - Bottoming Out - Good Investment in Real Estate Sector
Updated
Technicals:
Firstly, The chart has broken channel and then retested the upper trend line of the channel and confirmed it as support and it started moving up indicating a positive move to upside. A further positive close above the channel shall lead to the prices to go up to 200-225 levels, with technical stop at 160 levels.
Fundamentals:
The company has reduced the debt with a large number of approx. 10000 cr. found in the last year balance sheet. It is still in a process to reduce further debt, which shall improve the bottom line of the company. Real Estate sector expected to improve after 5 years of sluggish run, which may uptick the revenue of the company. The company is trading near to book value which is another plus point in long term investment. It is assumed that the price shall trade at least 2-2.5x to its books value, which may bring the prices to around 300-350 levels in coming time.
Firstly, The chart has broken channel and then retested the upper trend line of the channel and confirmed it as support and it started moving up indicating a positive move to upside. A further positive close above the channel shall lead to the prices to go up to 200-225 levels, with technical stop at 160 levels.
Fundamentals:
The company has reduced the debt with a large number of approx. 10000 cr. found in the last year balance sheet. It is still in a process to reduce further debt, which shall improve the bottom line of the company. Real Estate sector expected to improve after 5 years of sluggish run, which may uptick the revenue of the company. The company is trading near to book value which is another plus point in long term investment. It is assumed that the price shall trade at least 2-2.5x to its books value, which may bring the prices to around 300-350 levels in coming time.
Trade active
Today, started sharply, looking strong.Note
Reached upto technical target of 200. Now it may further move up to 225-250 once it closes above 200 levels.
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