Nirmal Bang, one of the leading equity research-cum-broking house, has recommended a buy on DLF stock with a target of Rs 510 in the short term.

The report further stated that, if the counter is successful to breach Rs 450 levels, then it will create a huge breakout.

The stock has strong support at Rs 418.

Today (Oct 01), the shares of the company opened at Rs 907 on the Bombay Stock Exchange (BSE). Current EPS and P/E of the stock stood at 30.35 & 30.16 respectively. The share price has seen a 52-week high of Rs 2490 and a low of Rs 930 on BSE.

DLF Ltd has declared that following the promotion of Sh. Ramesh Sanka as Head of Offices (including SEZs & IT Parks), Facilities Management and Utilities business, Sh. Ashok Tyagi has been nominated as Group CFO w. e. f. Oct 01, 2009.

DLF, on Sep 28, has mopped up approx Rs 100 crore as booking amount for apartments it had offered during the second segment of its housing project in Delhi.

DLF rolled out 1,250 flats during the second stage of its residential project 'Capital Greens' in the national capital. The company sold all the flats in just 2-hours of starting the bookings last week.

The costs of the flats were raised by around 26% as against the first stage.

The sources said that the company lifted around Rs 100 crore from booking amount of the 2-, 3- and 4-BHK flats.