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Rajesh Tambe, HOR, Sunchan Securities is of the view that one should hold DLF with a long-term perspective.

Tambe told CNBC-TV18, "DLF is one of the best rated companies in the infrastructure segment and they are the best in constructions. They started off their career in the constructions by taking Gurgaon project in DLF. They started off with housing and they subsequently moved in the commercial space also and so that in fact the so that the housing and the commercial space becomes very successful. The land acquisition was also a very successful model, which nobody else has been able to emulate that model in the housing area."

He further added, "They are riding high to the other builders and they have been able to deliver a quality product so as far as the numbers are concerned, the net sales is Rs 1,120 crore for the September’07 quarter, where the operating profit is Rs 815 crore. This company has got a very good land bank and they got very good goodwill, the net profit is of Rs 767 crore. But in this third quarter of 2008 the net has seen up at around 19.15. But what I am more skeptical about it is since they are concentrating in every areas and housing is also one of the main areas that they are concentrating into and they are targeting the NRI customers."

"The kind of the whole scenarios which are going on in the global markets, I suppose the Indians are also going to be effected by the subprime things. So there’s definitely going to be some effect where the selling is going to be seen. Some pressures also will be felt there. So from the long term perspective one should definitely hold on it."

Source: Moneycontrol.com