DLF Shares Soar: Debt-Free Status Achieved, Analysts Predict ₹1,000 Target

• DLF became gross debt-free for the first time since its 2007 IPO, announced with Q3 results.
• Eight analysts, including Jefferies, project DLF stock to cross ₹1,000 within 12 months, with Jefferies seeing a 62.7% upside.
• The company's cash on books reached ₹11,660 crore, including ₹10,433 crore RERA amount.
• Despite a 97% drop in Q3 new sales bookings due to the Dahlias project redesign, DLF expects to meet its ₹22,000 crore booking guidance for FY26.
• DLF Cyber City Developers Ltd.'s office income rose 19% annually to ₹1,150 crore, and mall rentals increased 14% year-on-year to ₹260 crore.

Why It Matters: DLF achieved debt-free status, leading analysts to forecast significant stock growth despite recent sales dips.