Real Estate Major DLF looks attractive above Rs.1005 as the stock will be technically strong above this level. Traders should buy the stock with strict stop loss of Rs.990. This is an intra call for day traders with the target of 1031-1079 given by Stock Analyst Hitendra Vasudeo of Stockmechanics.com.

The stock has touched an intraday high of Rs.1017.30 with a low of 915. Based on current results; the stock is trading at a P/E of 128.18 at current market price with an earning per share of Rs.7.89.

On National Stock Exchange, the stock has touched 52-week high of Rs.1017 and a low of 490.

DLF Group has been the trendsetter in the Indian real estate industry and has managed to revolutionize the urban Indian landscape with its robust and path-breaking projects.

DLF Group has stepped ahead as first developers to anticipate the need for townships on the outskirts of fast growing cities. With its policy of exploring new business opportunities, DLF Group has been at the forefront of creating new shopping and entertainment spaces all over the country. The group has robust expansion plans over next couple of quarters. The stock price may remain strong as the company is expected to post better results in coming quarters. The company is having a huge land bank which will fetch good prices if the prices of real estate rise in next 1 – 2 years.