Motilal Oswal Predicts 65% Jump for DLF Shares Despite Recent Decline

• Motilal Oswal maintains a 'Buy' rating on DLF shares with a target price of Rs 974, predicting a 65% upside.
• DLF's Q3 FY26 bookings were significantly lower due to a temporary halt in 'The Dahlias' project sales for design changes.
• Despite lower bookings, DLF reported strong collections of ₹4,800 crore, leading to a 2.9x QoQ increase in operating cash flow.
• The company achieved zero gross debt and increased net cash to ₹11,660 crore, driven by robust cash flow.
• Motilal Oswal values DLF's business at ₹1.68 lakh crore, with a significant portion attributed to its 15 crore sq ft land bank, ensuring long-term growth.

Why It Matters: Motilal Oswal sees a 65% upside for DLF shares, citing strong fundamentals, cash flow, and land bank value.