Anil Singhvi wealth creation pick: DLF is ready for an ITC moment

Anil Singhvi Wealth creation pick: Zee Business Managing Editor Anil Singhvi recommends buying DLF shares. He believes the real estate company has strong growth prospects and its stock looks set for "a big move" soon. Singhvi's target price for the property developer's shares implies an upside of around 117 per cent from Tuesday's closing price. 

Why does Anil Singhvi like DLF shares?

Singhvi is of the view that DLF is the market leader with a strong growth outlook. He said that the company is in the business for a decade and can have an “ITC moment” soon, with its cash flow growing strongly and debt reducing consistently.  He added that just like Reliance, HUL, and ITC's stock did not see much movement in the initial 5-7 years but these companies focused on strengthening their leadership position, and balance sheet, DLF is doing the same. 

ITC stock gained 13.64 per cent in 2023, outperforming headline index Nifty50's 5.75 per cent fall. 

According him, DLF is a leader in the real estate segment worldwide and is consistently reducing its debts, which is a key positive. 

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What Anil Singhvi recommends on DLF shares 

The market expert recommends buying DLF shares for smaller targets of Rs 440 and Rs 500, and larger targets of Rs 600 and Rs 800, for a duration of 1-3 years. 

He suggests not buying shares of DLF in the F&O segment.

Anil Singhvi's target price for DLF shares

Singhvi has set a target price as high as Rs 800 for DLF — implying an upside of around 117 per cent from Tuesday's closing price

What analysts say

Rakesh Bansal of Rakesh Bansal Ventures also suggests going long on DLF shares for a target price of Rs 925/926 apiece. 

The technical pattern of DLF looks good and the way the company has grown over time is commendable, according to Bansal. 

DLF share price history 

DLF shares have declined 2.5 per cent so far in 2023, still better than the headline Nifty50 index's 5.8 per cent fall.

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