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2 Stocks To Hold: Motilal Oswal Retains Neutral Rating For 2 Large Cap Stocks


Brokerage firm Motilal Oswal has recommended hold rating for 2 stocks namely DLF Ltd and LTI Mindtree. The analyst has suggested investors to hold LTIMindtree with a target price of Rs 4950 apiece and DLF with a target price of Rs 425 apiece, respectively. Check key takeaways below:


1. Hold DLF Ltd

1. Hold DLF Ltd

The last trading price of the stock is Rs 408 apiece with an intraday decline of 1.28%. The company has a market capitalisation of Rs 1,01,190.74 crore. Motilal Oswal has suggested investors to hold DLF Ltd with a target price of Rs 425 apiece. The stock's 52-week high is Rs 429 apiece and 52-week low is Rs 294 apiece, respectively.

The stock has given 71% return in last 5 years, 87% return in last 3-years, and 4% return in last 1-year. The large cap stock operates in Real Estate sector. The company was incorporated in 1963.

According to Motilal Oswal, "At current valuations, the surplus land in DLF and DCCDL is valued at INR522b, which is closer to our estimated value of INR545b assuming 19 years of development timeline for DLF's 151msf land and 13 years for DCCDL's 25msf land, which is fair in our view. We reiterate our Neutral rating on the stock."

We raise our FY23E/FY24E pre-sales by 4%/22%, respectively, to incorporate higher realizations and anticipated stronger responses to new launches in FY24E, said the analyst.

2. Hold LTIMindtree

2. Hold LTIMindtree

The last trading price of the large cap IT Software sector stock is Rs 4686 apiece with an intraday decline of 2.69%. The company has market capitalisation of Rs 1,38,627.73 crore.

Motilal Oswal has recommended investors hold LTIMindtree with a target price of Rs 4950 apiece. The stock has given 385% return in last 5-years, 183% return in last 3-years, and 28% decline in last 1-year.

LT announced the merger of LTI and MTCL, its two IT Services subsidiaries, on 6th May'22. On receipt of the NCLT approval, the merger formalities were concluded on 14th Nov'22 and LTIM started trading from 5th Dec'22. The integration of both entities has gone off smoothly, with a few changes in terms responsibility and without any attrition at the senior management level.

According to Motilal Oswal, "We value the stock at 25x FY24E EPS (similar multiple assigned to the erstwhile LTI) and ascribe a Neutral rating, with a TP of INR4,950, as the CMP fairly factors in revenue synergies and other benefits from being a larger entity. Post completion of the merger, we have discontinued our coverage on MTCL."



The stocks have been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. advises users to check with certified experts before taking any investment decision.

Read more about: motilal oswal large cap dlf ltd
Story first published: Wednesday, December 7, 2022, 18:21 [IST]
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