India's DLF gains on quarterly profit rise
BUZZ-India's DLF gains on quarterly profit rise ** Shares of India's DLF DLF.NS rise as much as 1.6% to 685.85 rupees; stock last up 0.36%
** Stock on track for seventh straight session of gains
** Real estate firm's Q2 consolidated net profit rose 10%
** Co's pre-sales growth - the number of homes booked before handover - supported by strong sales from Gurugram's residential project Aureva and other upcoming launches, says Motilal Oswal
** However, brokerage flags weaker-than-expected margins
** Jefferies expects revival in new launches, strong leasing performance and cash generation will help DLF meet its pre-sales guidance for FY27
** Stock rated "buy" on avg by 21 analysts, with median PT of 810 rupees - data compiled by LSEG
** Stock down 1.80% YTD
($1 = 94.9600 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))