Stock market analyst Somil Mehta of Sharekhan has maintained 'buy' rating on DLF Ltd stock to achieve a target of Rs 330 in 1-2 trading sessions.

According to analyst, the interested investors can buy the stock with stop loss of Rs 300.

Today, the stock of the company opened at Rs 311 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 10.76 and 29.07 respectively.

The share price has seen a 52-week high of Rs 490.80 and a low of Rs 259 on BSE.

Country's leading realty developer DLF Ltd is eyeing to get hold of Dubai World's stake in their equally held India realty JV for approximately Rs 2 billion.

DLF's executive said, "DLF and Dubai World have jointly applied to the Foreign Investment Promotion Board so that DLF can buy out its partner's stake."

The company's entered into a JV contract with Dubai World to construct residential project Bidadi Knowledge City in Karnataka.

For the three month period ended June 2010, DLF's net profit rose 2.04 times to Rs 2,051.00 million as compared to Rs 1,004.00 million during the corresponding period of 2009.

Net sales during the period under review grew by 55.97% to Rs 6,518.90 million, whereas total income during the quarter rose 43.95% to Rs 8,145.20 million.