Stock market analyst Salil Sharma is of the view that investors can buy DLF Ltd stock to achieve a target of Rs 294.

Mr. Sharma said that the interested investors can buy the stock with stop loss of Rs 278.

The shares of the company, on June 17, closed at Rs 283.10 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 490.80 and a low of Rs 259 on BSE.

Current EPS & P/E ratio stood at 10.69 and 26.25 respectively.

On June 08, the country's administration has given the nod to DLF in order to renew its plan for a SEZ in Kolkata.

After a gathering of the Board of Approval, the nodal body for SEZ-related matters, Commerce Ministry Additional Secretary D K Mittal stated, "The Board of Approval has allowed re-notification of DLF's SEZ in Kolkata."

The Kolkata SEZ was one of the country's four Special Economic Zone projects notified during June 2008.

The country's largest realty developer announced a phenomenal growth in standalone net profit for the three month period ended March 2010.

During the period, the company's profit grew 13.76 times to Rs 4,110.10 million as against Rs 298.60 million in March 2009.

Net sales during the period increased 14.08 times to Rs 7,819.70 million, whereas total income for the same period climbed 3.96 times to Rs 11,915.30 million.