Karvy Stock Broking Limited has maintained ‘Buy’ rating on DLF stock to achieve a target of Rs 175 within 3-4 days.

According to Karvy, day traders can purchase the stock above Rs 155. If the stock market remains on positive track, the next target will be above Rs 180. The stop loss marked for the suggested stock is Rs 142.

Shares of the company, on Wednesday (Feb 11), closed at Rs 150.85 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 5892639. Current EPS & P/E ratio stood at 12.67 and 12.18 respectively. The share price has seen a 52-week high of Rs 899 and a low of Rs 124.15 on BSE.

The stock has great potential to rise on the back of healthy growth plans and well-built operating capabilities.

DLF has postponed two of its largest mid-income housing projects because of acute liquidity crunch and poor buyer sentiments.

This move comes after the company stalled at least a quarter of its commercial projects. The company has stopped work at DLF New Town Heights in Gurgaon Sector 90 and Express Greens in sector M1 in Manesar, both in Haryana. The two projects were launched in January and August 2008, respectively.
 
On Feb 11, DLF Ltd, has launched DLF InfoPark in Bhubaneswar. The InfoPark, which covers more than 54 acres, offers 25 acres of land for IT SEZ workspace. These 25 acres of land will be DLF’s initial IT SEZ project in Odisha and will be followed by projects in other cities in the state.

This project is amongst the first IT SEZ projects in the state. IT SEZ has received formal notification of an SEZ unit and would enjoy all the benefits of an SEZ.

DLF Ltd, on Tuesday (Feb 10), has secured long-term loans of Rs 20 billion from three public banks and a financial institution.

DLF has tied up loans of about Rs 7 billion from PNB and Rs 3 billion from SBI.

Moreover, the company also secured funding of around Rs 7.5 billion from LIC and Rs 2.5 billion from BoI.

Other stocks from the same sector that looks good for short-term as well as long-term trading includes HDIL, Akruti City and India Bulls Real.