DLF’s primary business is development of residential, com- mercial and retail properties. The Company has significant exposure across businesses, segments and geographies. From developing 22 major colonies in Delhi, DLF is now pre- sent across 15 states-24 cities in India. DLF has also forayed into infrastructure, SEZ and hotel businesses.
Latest News about the company:
In a fresh order Thursday against DLF, the Competition Com- mission of India (CCI) ruled that realty giant DLF was guilty of indulging in “unfair and abusive” business practices in sale of apartments in a Gurgaon housing project. CCI has asked DLF Gurgaon Home Developers Private Limited and its group companies to “cease and desist” from such unfair trade practices, but did not impose any fresh mone- tary penalty as Rs 630 crore fine has already been slapped on DLF for similar violation during the same period in a sepa- rate case. Subsequently, the complainants approached CCI alleging abuse of dominant position by the company and the fair trade regulator ordered a probe by its investigative arm.
DLF results on 20 may 2015
DLF Ltd has informed BSE that a meeting of the Board of Di- rectors of the Company will be held on May 20, 2015, inter alia, to consider and approve:
1. Audited Financial Results along with Q4 results for the year/quarter ended March 31, 2015
2. Recommendation of Dividend, if any, for the FY 2014-15.
DLF recently broke down below medium term support of around Rs 145 and we have seen a pennant getting formed on the daily chart which is indicating that this continuation of downtrend is what we are expecting. So the recommendation is to sell DLF for a target of Rs 105 with a stop loss at Rs 140
DLF FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 130 levels. We advise selling around 125-130 levels with strict stop loss 140 for the targets of 115-105 levels.
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