Stock analysts have maintained ‘buy’ rating on DLF stock with an intraday target of Rs 190.

According to them, interested traders can purchase the stock between Rs 658-662 with a strict stop loss of Rs 175. If the stock market remains positive track, the next target for the day will be above Rs 195.

The company’s shares, on Wednesday (Jan 21), closed at Rs 181 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 2030917. Current EPS & P/E ratio stood at 15.18 and 11.49 respectively. The share price has seen a 52-week high of Rs 1004.70 and a low of Rs 145 on BSE.

DLF, on Jan 21, has commenced a restructuring and integration process for its five verticals including homes, office, retail, hospitality and infrastructure in order to swell productivity in the falling real estate market.

It is learnt that this move will help save big costs every year and help prop drooping margins.

Now, the company would combine human resources, legal, accounting and other divisions into a single entity that would cater to all verticals, but all the business expansion decisions, would be done by separate units.

On Jan 15, the company said that it is planning to reject its special economic zone (SEZ) plans.

According to reports, the company would commence 5 of its other SEZs after two years (2010) on an expected stimulation in realty demand.

On Dec 15, 2008, DLF announced that it will pump in Rs 150 billion y 2011 to develop various residential projects across the country in Rs 1.5 - 4 million range.

DLF’s investment plans for reasonable housing coincides with statement by public sector banks to encourage the sector by slashing home-loan interest rates, putting caps of 9.25% for Rs 0.5-2 million and 8.5% for loans of up to Rs 5 million.

On the same day, the company informed stock exchanges that its declaration to buy back its shares from the open market is on the way.

The company has bought back 5,000 shares on December 12 at an average share price of Rs 267.09, it said.

Moreover, the company has nominated JM Financial Consultants and DSP Merrill Lynch as brokers for the buyback arrangement.

Other stocks from the same sector that looks good for short-term as well as long-term trading includes HDIL, Akruti City and Omaxe.