Shares of DLF Ltd increased by 2.6% to Rs 715 following the company’s announcement to invest Rs 20,000 crore in commercial expansion. Despite mixed reactions from brokerages, the company maintains firm on its FY26 pre-sales target and expects significant rental income growth by FY30.
Is Nifty expensive? Why judge today’s valuations through yesterday’s lens, asks Pankaj Pandey
ICICI Direct’s Pankaj Pandey believes India’s Nifty has structurally transformed, making historical valuation comparisons obsolete. He suggests current valuations, though seemingly rich at 20x FY27