Looks good for Long term -- a potentially multi-bagger stock Fundamentals:
DLF , India's largest commercial real estate developer, recently concluded a record-breaking luxury home sale of Rs 7,000 crore ($1 billion) in Gurugram.
DLF plans to be debt free by end of FY23
The company stated that it had "left a lot of money on the table" due to the high demand for the luxury properties.
DLF saw high demand for luxury homes in the National Capital Region ( NCR ) and other parts of the country, with many buyers being non-resident Indians (NRIs).
The company is now planning to expand its luxury home portfolio across the country, as it sees a strong demand for such properties from wealthy buyers.
The COVID-19 pandemic has fueled the demand for luxury homes in India, as people seek larger living spaces and better amenities amid work-from-home and social distancing measures.
Technical:
Long term Strong support at : 295
Short term Support at : 345
Long term Target : 500/700+
Short term Target : 400+
