In its latest research report, Nirmal Bang, an equity research firm said that DLF can give good returns in today’s session.

According to Nirmal Bang Research, interested traders can buy the stock with a strict stop loss of Rs 325.

The shares of the company, on Friday (July 17), closed at Rs 332.85 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 9.12 & 37.86 respectively. The share price has seen a 52-week high of Rs 576 and a low of Rs 124.15 on BSE.

Two European companies, comprising the world’s second-biggest energy utility, are in talks with DLF to get hold of the property developer’s wind energy business.

Gaz de France (GDF) Suez, which possesses a market capitalization of $80 billion, along with renewable energy group Akuo Energy have finished due diligence and the final verdict on valuation will be taken by July end.

While the volume of the agreement is not known, DLF expects to raise at least Rs 900 crore through the deal, on which it is being suggested by Ernst & Young.

DLF (on July 18) said that it has dropped its plan to build up a mall on upmarket Commander-in-Chief Road in Chennai as the continuing financial slump has affected consumer spending.

DLF has now sought authorization to build up the land as a premium residential project, scotching market hearsays that it was trying to sell the land it purchased in 2005.

DLF, on July 15, stated that it would lift up Rs 19 billion via sale of hotel plots and its wind power business by 2009 end.

DLF said that the sale of the land parcels has already brought them Rs 10 billion and they anticipate another Rs 10 billion in the coming months.

It added that talks for selling their wind power business are also on the right track and they should be capable of getting Rs 9 billion via its sale.