Goldman axes DLF stock from ‘buy’ list

Goldman Sachs has cut KP Singh-led DLF stock to 'neutral' with a target prices of Rs 254.

Goldman Sachs has removed KP Singh-led DLF Ltd stock from its Asia Pacific buy list and downgraded the stock to ‘neutral’ from ‘buy’ with a target price of Rs 254 citing limited upside to operational estimates.

DLF is up 36 percent since we added it to our buy list on August 25,2011 versus the Sensex up 7 percent.

Going forward,we expect stock performance to be driven by improvement in quarterly sales velocity and pick-up in commercial leasing volumes,but we have limited visibility on the same currently,said Goldman Sachs.

At 10.08 a.m.,shares of DLF were at Rs 230.5,down 3.35 percent.

Company INFO More on DLF Ltd

Stocks More on DLF Ltd

Modi speaks to Trump, Netanyahu: ‘Historic’

‘That’s a big step’: Trump says PM Modi ‘assured’ him India won’t purchase Russian oil

India2 hr ago

US President Donald Trump claims that Indian Prime Minister Narendra Modi has promised to stop purchasing Russian oil, after the US imposed tariffs on India for those imports. Trump plans to pressure China to do the same in an effort to cut off Moscow's energy revenues. He also speaks highly of his relationship with PM Modi and their recent discussions regarding India's imports of Russian oil.

View all shorts

Live Blog

PHOTOS