Motilal Oswal bullish on DLF

Motilal Oswal, India's leading broking house, has given a buy rating on DLF, India's largest real estate company, at a price of around 183 for a price target of 260. 

The stock is trading at a P/E of 20.9x FY13E EPS of INR 8.8 and 1.2x FY13E BV and 36% discount to NAV of INR 290.

The company currently commands a market cap of around 31,000 crores and enterprise value of around 54,000 crores. 52 week range for the stock is 261 / 173.

Use the following link to download the research report in PDF format: DLF Research report

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