DLF Share Price Outlook! 28th July Fixed As Record Date For 300% Dividend; What’s The Current Target Price?

The largest publicly traded real estate firm in India, DLF Limited (previously Delhi Land & Finance), is heavily involved in the development of residential, commercial, and retail real estate. After DLF announced the date of its 300% dividend record, an analyst from the renowned brokerage Choice Broking advised traders wishing to buy DLF shares at lower prices to enter the buy-on-dips zone.

DLF Dividend

"In reference to our earlier intimation dated 19th May 2025, it was informed that the Board of Directors of the Company at its meeting held on 19th May 2025, had recommended Dividend of Rs 6/- per equity share of the face value of Rs 2/- each for FY 2024-25 (i.e. 300%), subject to the approval of shareholders at the ensuing Annual General Meeting, which is scheduled to be held on Monday, 4th August 2025. In view of the above and pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, the Company has fixed Monday, 28th July 2025 as the 'Record Date' for determining entitlement of shareholders for payment of Dividend for FY 2024-25. The Dividend will be paid to the shareholders on or before Tuesday, 2nd September 2025, if approved by the shareholders and subject to the deduction of tax at source at applicable rates," said DLF in a stock exchange filing.

Notice of 60th Annual General Meeting

"This is to inform you that the 60th Annual General Meeting (AGM) of the Members of the Company will be held on Monday, 4th August 2025 at 12.30 P.M. (IST) through Video Conferencing (VC)/ Other Audio-Visual Means (OAVM), pursuant to the Circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI)," DLF confirmed in a regulatory filing.

DLF Share Price Target

Mandar Bhojane - Senior Equity Research Analyst at Choice Broking said, "DLF is currently trading at ₹822.6 and has recently formed a Flag and Pole pattern on the daily chart, supported by rising volumes, indicating growing bullish interest. The price is currently consolidating just below the breakout zone, suggesting a potential buildup before a strong move. A sustained move above ₹835 could confirm the breakout, opening up the possibility of an upside rally toward ₹860 and ₹880."

"On the downside, immediate support lies at ₹800, which may act as a buy-on-dips zone for traders looking to enter at lower levels. The RSI is at 47.65 and trending upward, indicating early signs of positive momentum. For prudent risk management, a stop-loss at ₹790 is advised. Overall, the chart setup suggests that DLF is gearing up for a possible breakout with favorable risk-reward," the analyst further recommended.

DLF Target Price 2

"DLF is in a strong uptrend, consistently forming higher highs with solid volume support. The stock recently took support near ₹800 and is now approaching its resistance zone at ₹840-₹850. A breakout above this range could push the stock toward ₹880-₹900 in the short term. On the downside, ₹800 remains a crucial support level, followed by ₹780. As long as the price holds above ₹800, the bullish momentum is expected to continue. RSI is healthy, indicating scope for further upside," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.