Jefferies expects pre-sales to surpass Rs 20,000 crore in FY25. (Image source: Company)
Jefferies has upgraded DLF to a 'buy' rating, highlighting the company’s strong cash flow and successful project launches as key drivers of its recent performance. Over the past year, DLF’s stock has outperformed the realty index by 16%, driven by robust cash generation and positive market response to its Dahlias project in Gurugram, the brokerage noted.DLF has seen a significant increase in pre-sales since the market cycle turned in...