DLF’s stock surged by 9.4% in a month, driven by strong sales and new launches, particularly in the luxury segment. The company plans to expand its residential and rental businesses, reduce debt, and distribute 50% of net profit as dividends. Analysts predict a 32-51% stock price upside, indicating robust growth potential.
BofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside
BofA expects India’s wires and cables industry to grow at a 14% compound annual rate between FY26 and FY29, supported by spending on infrastructure, renewable