Stock market analysts have maintained ‘buy’ rating on DLF Ltd with an intraday target of Rs 389.

According to them, interested traders can purchase the stock above Rs 386 with a strict stop loss of Rs 381.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 395.

Shares of the company, on Wednesday (Dec 02), closed at Rs 112.85 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 490.80 and a low of Rs 124.15 on BSE.

Current EPS & P/E ratio of the stock stood at 9.80 & 39.86 respectively.

The founders of DLF eyes to list their realty investment trust DLF Assets in Singapore by June 2010 in order to lift up around $1.2 billion.

The announcement is based on an estimation the Singapore market is bettering.

DLF Assets gets hold of saleable property from DLF and collects lease rentals from it, the paper said, adding it has started discussions with merchant bankers for the listing.

A representative for DLF Ltd said that the company would not remark on market conjecture.

DLF Asset's Singapore listing was postponed in 2008 due to fall in the worldwide equities.