CLSA upgrades DLF to high conviction outperform, stock rises 4%

Global brokerage firm CLSA has upgraded real estate player DLF to its ‘High Conviction Outperform’ rating, setting a target price of Rs 975 per share, following which the stock surged by 3.75% to Rs 792.15 on the BSE.

The shares of DLF witnessed a surge, while the rate-sensitive realty stocks…