Stock market analyst Rohit Shrivastav of Sharekhan is of the view that investors can sell DLF Limited stock with a target of Rs 307.

According to him, investors can sell the stock with a strict stop loss of Rs 326.

If the stock fell below Rs 302, it may see more weakness.

Today, the stock opened at Rs 320 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 490.80 and a low of Rs 220 on BSE.

Current EPS & P/E ratio stood at 8.61 and 37.28 respectively.

After selling the stock, the interested investors can enter the stock again at a low price, for medium or long term prospective.

Caraf Builders and Constructions, a division of DLF, has purchased 24.50 crore compulsorily convertible preference shares in a group company DLF Assets Ltd (DAL) from PE firm SC Asia Pte for approx Rs 3,084 crore.

After the contract, Caraf's equity stake in DLF Assets has gone up to 91.9% whereas SC Asia, via its investment division, would continue to hold a 4.59% equity stake.

In December 2009, the DLF director sanctioned coalescing DLF Assets with the company.

The agreement was in proportion to DLF's plan of consolidating shareholding of DLF Assets that runs rental assets and possesses a property trust.