Goldman downgrades DLF to 'neutral' from 'buy'

  • Reuters, Mumbai
  • |
  • Updated: Oct 11, 2012 09:49 IST

Goldman Sachs downgraded DLF to 'neutral' from 'buy', saying slower approvals could result in fewer project launches, while cutting its pre-sale estimates for India's largest property developer.

Goldman also removed DLF from its Asia-Pacific buy list and cut its 12-month target price to Rs. 224 from Rs. 257.

 

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