In its latest research report, Nirmal Bang, an equity research firm said that investors can buy DLF stock to reap good returns in the short term.

The report further stated that, if the stock is successful to breach Rs 445 levels, then it will hit a target above Rs 460.

Nirmal Bang has also advised investors that the company's stock is giving an evidence of a strong breakout, so hold it to achieve the said price target.

The stock has strong support at Rs 412.

Today (Sep 25), the shares of the company opened at Rs 420 on the Bombay Stock Exchange (BSE). Current EPS and P/E of the stock stood at 5.58 & 76.09 respectively. The share price has seen a 52-week high of Rs 446.90 and a low of Rs 124.15 on BSE.

DLF, on Sep 22, said that it has unveiled the second stage of its housing project in New Delhi and sold all the 1,250 flats in just 2-hours.

DLF sold all the flats, which were offered at costs around Rs 1.86 crore, even though it has increased the selling costs by around 26% as compared to the initial phase.

DLF Ltd on Sep 21 said that it is exploring different alternatives to completely or partially exit its global luxury hotel chain Amanresorts, which it acquired during 2007.

It has been discovered that DLF is shortly projected to take a call on selling its DT Cinemas to PVR Cinemas and is thought to be talking over a range of alternatives such as holding a minority equity stake in case of combining its multiplex business with PVR Cinemas.

PVR Cinemas is believed to be topping the suitors' list for DT Cinemas and the two companies have talked about different alternatives such as the likelihood of a `no-cash` deal under which DLF could retain less than 15 percent equity stake in the merged unit.