Technical analyst Shrikant Chouhan of Kotak Securities is of the view that investors can buy DLF stock to achieve a short-term target of Rs 350.

According to Mr. Chouhan, the investors will hold the stock with a strict stop loss of Rs 323.

Today, the shares of the company opened at Rs 1088 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 490.80 and a low of Rs 220 on BSE.

Current EPS & P/E ratio stood at 8.61 and 38.14 respectively.

DLF has declared that Caraf Builders & Constructions (Caraf), a wholly owned arm of the Gurgaon-based company, has lifted its equity stake in DLF Assets Ltd to 91%.

The transaction was done through the acquisition of convertible shares from PE firm SC Asia for around Rs 3,085 crore.

Caraf that has recently been coalesced into DLF is the holding company of DLF Assets Ltd, which was established by DLF promoters to purchase commercial properties of DLF.

Caraf is involved in the business of acquirement and expansion of realty properties in the country and currently holds four rent-generating properties in Gurgaon, Kolkata and Chandigarh.

The company is a co-developer for four IT/ITES SEZs based in Gurgaon, Chennai and Hyderabad.