Stock market analysts have maintained ‘Buy’ rating on DLF to achieve an intraday target of Rs 318.
 
According to them, investors can buy the stock above Rs 312 with a stop loss of Rs 305.

They also said that if the stock market remains on the positive track, the stock will hit another target of Rs 322 in today’s session.

Shares of the company, on Tuesday (June 30), closed at Rs 365.85 on the Bombay Stock Exchange (BSE). Current EPS and P/E of the stock stood at 9.12 & 34.76 respectively. The share price has seen a 52-week high of Rs 576 and a low of Rs 124.15 on BSE.

It is discovered that DLF is close to raising $300 million via external commercial borrowing (ECB) to make investment in its integrated township projects.

It is thought that DLF is expected to raise the funds from Standard Chartered Bank.

It would be a long-run borrowing with an interest rate of about 7%, significantly lower than 12.5%, which is the current average cost of borrowing for DLF.

DLF Brands, on June 19, said that it is finishing up its joint venture (JV) with Italian leather and luggage accessories major Piquadro in order to open a chain of monobrand stores.

It is discovered that the development comes even as DLF`s retail management arm is readjusting development strategies following a financial slump, and reviewing the growth plans of a few international fashion and lifestyle brands it runs locally.

DLF, on June 10, announced that the members of the company, by way of postal ballot, have sanctioned the company`s verdict to transfer its wind power business to its wholly owned arm DLF Wind Power (P) on slump basis.

The government has given in-principle approval to the country’s biggest real estate company DLF to withdraw four of its IT, ITES, SEZ that the company did not want to construct despite slump in the realty business.

But, the board of approval (BoA) in the Commerce Ministry directed DLF to give back all the tax sops it had taken from the Centre before its special economic zones in Gujarat, West Bengal, Orissa and Haryana to be de-notified.

The sources said that BoA, led by commerce secretary G K Pillai, also permitted additional time to the K Raheja group to set up its tax-free zones in Goa, Hyderabad and Navi Mumbai.