DLF Intraday Buy Call

DLFBuy DLF around Rs 1050 with a stop loss at Rs 1020 for an intraday target of Rs 1094.

Stock market analyst VK Sharma has given this day trading call.

Presently (12:43 pm), DLF stock is trading 2% up at Rs 1085 on BSE. There are full chances of an upside potential today. The stock has shown a decent rise in previous trading sessions, and a 52-week high of Rs 1099 on BSE.

Realty firm, DLF has decided to lift USD 5 billion over the next three years by listing five of its business units, DLF Homes, DLF Retail, DLF Hotels, DLF Utilities and DLF Infrastructure.

The plan is to make DLF a holding company with substantial equity stakes in the listed entities plus being an incubator for new business firms.

The company is considering garner USD 10-12 billion worth funds in its different businesses over the next three years.

There are many other fundamentally strong stocks in this Sector. Investors may watch Omaxe, Parsvnath, and Indiabulls Real. This sector has seen decent rise in previous trading sessions, and it looks that it will become the most favorable sector in the coming year (2008).

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