DLFU Buy Target : 205
* Dlf has recorded highest volume in last 2years . Stock is Near to its 52Week low which was at 174.50.
* Recently DLF has also sold its entire stake in an IT SEZ in Pune to Blackstone for Rs8.1bn. Separately the company also sold Aman Resorts which is likely to be sealed in 4QFY12. As a result of these 2 transactions Net debt could fall by Rs2,000cr at end-FY12.
* From Futures Perspective Open Interest is almost Near 52 Week High; Assuming so much negative news in the whole realty sector we feel everything is priced in.
* According to our analysis we suggest going LONG on DLFU at CMP 185 With Stop loss of 174.50 and target of 205.i.e almost 11% upside.
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