Strong refining offset by weak marketing division
Recommendation: Reduce; Target Price: Rs 2250
Muted quarter despite positive impact from seasonality
In financial year 2022, DLF has rolled out its residential projects in Delhi, Gurugram, Panchkula, and Chennai.
Company’s revenue from operations witnessed a marginal increase of 3.3% at Rs9,315.14 crore.
Except pharma and auto index, all other sectoral indices were in the red with a downside ranging from 1-6%.
BPCL plans to expand their renewables portfolio and reach 1 GW of renewable energy by 2025 and 10 GW by 2040.
Recommendation: Add; Target price: Rs 4400
The fourth phase of campaign is launched across 17 new prisons in new states.
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