Around a year back, Dalal Street’s finest at Goldman Sachs came out with a list of “high conviction” picks.
Leading the recommendations was that poster boy of Corporate Governance-DLF which was then quoting at 167 Rs/share.
Goldman Sachs gave DLF a target price of Rs.292 to be hit in the next 12 months-a potential upside of 74.5%
Yesterday,DLF closed at Rs.120.7 per share.
Forecasting Folly, anyone?