DLF Ltd

DLF Ltd is primarily engaged in the business of colonization and real estate development. The operations of the company include all aspects of real estate development, from the identification and acquisition of land, to planning, execution, construction and marketing of projects. It is also engaged in the business of leasing, generation of power, provision of maintenance services, hospitality and recreational activities. Its homes portfolio ranges from luxury residential complexes to smart townships. Its offices portfolio is an integrated mix of office spaces with food and beverage and leisure amenities. It has developed approximately 27.96 million square meter residential area and 4.2 million square feet retail space. For near term outlook it can be observed that sales bookings remained in-line while strong collections and net surplus aided by paring down net debt to its lowest level.Q1FY24 consolidated revenues and net profit lagged estimates while OPM broadly stayed in line. DCCDL rental income rise 13 per cent y-o-y while net profit rises by 21 per cent y-o-y. Buy for target price of Rs750 in next few months.

National Aluminium Company Ltd a PSU Navaratna is primarily engaged in the business of manufacturing and selling of alumina and aluminium. The company’s segments include Chemical and Aluminium. The Chemical segment includes calcined alumina, alumina hydrate and other related products. The Aluminium segment includes aluminum ingots, wire rods, billets, strips, rolled and other related products. The company is operating over 22.75 lakh tons per (TPA) annum alumina refinery plant located at Damanjodi in Koraput district of Odisha and 4.60 TPA capacity aluminum smelter located at Angul, Odisha. It also has over 1200 megawatts (MW) captive thermal power plant adjacent to smelter plant. The company is operating approximately four wind power plants with total capacity of over 198.40 MW located in the state of Andhra Pradesh (Gandikota), Rajasthan (Jaisalmer and Devikot) and Maharastra (Sangli). With the cycle of metal prices changing for better globally after the Big Chinese stimulus package, National Aluminium, one of the lowest cost producers in the world is expected to enjoy healthy margins for next few quarters. Buy for target price of Rs150 in coming quarters.