Antique Stock Broking initiates India's DLF with 'buy'
BUZZ-Antique Stock Broking initiates India's DLF with 'buy' ** Antique Stock Broking initiates coverage of DLF DLF.NS with "buy" and PT of 852 rupees
** DLF shares up 0.2% at 621.2 rupees
** Brokerage says record FY26 collections of 135.2 billion rupees helped eliminate gross debt and create a net cash surplus, supporting faster project execution and future collections
** Says unmatched capital flexibility supports premium land development and funds strategic expansion in Mumbai
** Says believes near-term volume and premium pricing visibility will be driven by immediate launches across Gurgaon, Chennai, and Goa and next phase of Westpark in Mumbai
** Sees overall profitability at 9% CAGR to hit 52.5 billion rupees by FY28E
** Forecasts 36% CAGR for collections over FY26-FY28E to reach 250 billion rupees by FY28E
** Stock rated "buy" on average by 21 analysts; median PT at 800 rupees - LSEG-compiled data
** YTD, stock down 9.6%
(Reporting by Mridula Kumar in Bengaluru)