 "DLF, Budget 2017")
The DLF stock has been a gainer on the back of sops given to the affordable housing segment. Last year, the government had proposed a 100 per cent deduction to firms for construction under affordable housing. This, coupled with easing Real Estate Investment Trust (REIT) norms, saw the stock gain in the run-up and after the Budget.
Current budget: The 2017-18 Budget could bring back focus on this segment, given the interest subvention announced by the Prime Minister recently. Further, there are expectations of tax sops, both for corporates and individuals, as well as higher deductions on home loans, which will mean more money in the hands of individuals. This could lead to a revival in demand for homes.
Note: Net sales and net profit are for trailing 12 months ended September 2016; Price, market cap and PE ratio are as on Jan 25, 2017; sales, profit and market cap figures are rounded off. Source Capitaline/Exchange
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