Buy DLF With Target Of Rs 340

Buy DLF With Target Of Rs 340Stock market analyst Shardul Kulkarni of Angel Broking has maintained 'buy' rating on DLF Ltd stock to achieve a target of Rs 340.

According to analyst, the investors can buy the stock with stop loss of Rs 318.

Today, the stock opened at Rs 331.90 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 10.69 and 30.18 respectively.

The share price has seen a 52-week high of Rs 490.80 and a low of Rs 259 on BSE.

Real estate major DLF declared plans to reduce the majority equity stake in wholly-owned retail management division DLF Brands, probably to a promoter group company.

DBL has decided to issue the shares to a promoter group firm or any other strategic capitalists.

During the last month, DLF Ltd notched up lease agreements for around 10 million square feet or slightly more than half its leasable commercial assets.

Previously, DLF had amalgamated the holding company for DLF Assets Ltd, Caraf, because of which the blended unit has 19 million square feet of assets for lease.