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DLF Shares Surge: HSBC Hints At 41% Upside As Global Brokerages Highlight Growth Drivers
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CNBC TV18•19-10-2026, 11:21
DLF Shares Surge: HSBC Hints At 41% Upside As Global Brokerages Highlight Growth Drivers
- •HSBC raised its target price on DLF to ₹950 from ₹920, projecting an upside of up to 41% driven by resilient luxury housing demand and improving cash flows.
- •Jefferies maintained a Buy rating with a target price of ₹830, citing sustained demand for luxury housing and revival in new launches to support FY27 presales.
- •CLSA highlighted September-quarter presales of ₹3,800 crore driven by the Aureva senior living project and assigned an Outperform rating with an ₹810 target.
- •JPMorgan maintained an Overweight rating with a target price of ₹800, noting that presales recovered strongly in the September quarter.
- •Nomura issued a Buy rating with a target price of ₹740, noting that Q2 presales beat estimates and kept the company on track for its annual goals.
Key Questions Answered
HSBC has raised its target price on DLF to ₹950 from ₹920, maintaining a Buy rating and pointing to a potential upside of up to 41% from the previous close of ₹675.
Analysts cited a recovery in September-quarter presales to ₹3,800 crore, resilient luxury housing demand, and improving cash flows as key growth drivers supporting DLF's annual presales guidance of ₹20,000 crore.
Jefferies maintained a Buy rating with a target price of ₹830, CLSA has an Outperform rating with a target of ₹810, and JPMorgan holds an Overweight rating with a target price of ₹800.
