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Goldman downgrades DLF to 'neutral' from 'buy'
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.
Updated on: Oct 11, 2012, 09:49:00 IST
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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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