DLF share price: Real estate company, DLF shares traded over 2 per cent higher on exchanges after the company announced it will consider dividends announcement in its next board meeting scheduled on May 12, 2023.

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“This is to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, 12th May 2023 to consider and approve, inter-alia, the following: i) Audited Financial Results (Standalone and Consolidated) for the Quarter/ Financial Year (FY) ended 31st March 2023. ii) Recommendation of Dividend, if any, for FY 2022-23,” the regulatory filing read.

Last seen, DLF scrip traded over 2 per cent higher on BSE at Rs 437.85 apiece, and on NSE the stock traded at Rs 438.20 apiece.

Anil Singhvi’s long-term pick– DLF

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.

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

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

DLF share price history

On a year-to-date (YTD) basis, the shares of DLF have surged over 15 per cent as compared to Nifty50’s dip of 0.44 per cent. In the past six months, the stock rose over 10 per cent, as compared to the headline index’s rise of 0.66 per cent.

However, on a year-to-date basis, KP Energy is up 1.5 percent, underperforming a 3.7 per cent rise in Nifty50.

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