India's DLF rises on Q3 profit jump

DLF

25/01/2024 05:00

** Shares of real estate firm DLF  DLF.NS  up as much as
3.8% to 776 rupees after Q3 profit jump 
    ** DLF's Dec-qtr profit climbs 26%, revenue from operations
rise nearly 2% 
    ** Jefferies says project pipeline for FY25/26 increased
significantly as co looks to add to Gurgaon premium project
success 
    ** Adds strong cashflow, sales performance likely to
continue in medium term; maintains 'Buy' rating 
    ** Analysts' avg rating on DLF and five other stocks in
10-member Nifty realty index  .NIFTYREAL  is 'buy' - LSEG data
    ** DLF up nearly 5% YTD vs 5.8% rise in Nifty realty index 




    

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))