Stock market analysts are of the view that investors can sell DLF Ltd stock with a target price between Rs 316-310.

According to them, investors can sell the stock below Rs 319 with a strict stop loss of Rs 323.

If the stock fell below Rs 306, it may see more weakness.

Today (Jan 29), the stock opened at Rs 320 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 stood at 8.61 and 37.53 respectively.

After selling the stock, the interested investors can enter the stock again at a low price, for medium or long term prospective.

The country's biggest realty company, DLF on consolidated basis recorded a fall of 30.25% in its net profit for the three month period ended December 2009. The company registered a net profit of Rs 4,678.90 million for the quarter as compared to Rs 6,707.90 million in
2008.

The company's consolidated total income surged up by 43.19% to Rs 21,518.10 million during the quarter under review.

On standalone basis, DLF's net profit rose 26.04% to Rs 2,244.30 million for the quarter as against Rs 1,780.60 million in the corresponding period of 2008.

Total Income zoomed 48.88% to Rs 10,174.60 million for the quarter as compared to Rs 6,833.90 million in the quarter ended Dec. 31, 2008.

DLF vice chairman Rajiv Singh stated, "With the economy on path of recovery, we witnessed renewed demand for luxury and high-end housing, in addition to stable demand for residential homes."

"Though overall we remain cautious, we are on track to meet our targets in current fiscal," Mr. Singh added.

The company will continue to concentrate on sales / launch of Mid - Income housing projects across the country. Buy out of Laing O` Rourke's equity stake in DLF-LOR to fortify delivery mechanism to meet up the projected demand in the near future.