DLF Limited | 亚太风险回报更新

研报英文原文证据摘录

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M

Update

August 17, 2026 04:09 PM GMT

DLF Limited | Asia Pacific

Morgan Stanley Asia Limited+

Praveen K Choudhary

Equity Analyst

Risk Reward Update

What’s Changed

Updated Components

EPS

Investment Thesis

Bull Base Bear Scenarios

DLF Limited (DLF.NS, DLFU IS)

India Property | India

Risk Reward for DLF Limited (DLF.NS) has been updated.

Reason for change

We make limited changes to our estimates following F1Q27 results. We reduce our

F2029e EPS by ~1% as we revisit Privana ASP assumptions considering companies

Rs578bn GDV disclosure across Arbour and Privana. We retain our PT as well as

bull- and bear-case values.

Stock Rating

Industry View

Price target

Shr price, close (Aug 17, 2026)

52-Week Range

Equal-weight

Attractive

Rs730.00

Rs671.00

Rs794.80-489.40

Fiscal Year Ending

03/26 03/27e 03/28e 03/29e

EPS (Rs)**

Prior EPS (Rs)**

17.83

16.81

24.49

33.33

33.74

Unless otherwise noted, all metrics are based on Morgan Stanley ModelWare

framework

** = Based on consensus methodology

e = Morgan Stanley Research estimates

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Research. Investors should consider Morgan Stanley

Research as only a single factor in making their investment

decision.