Sell DLF With Stop Loss Of Rs 247

Sell DLF With Stop Loss Of Rs 247Technical analyst Rahul Mohinder maintained 'sell' rating on DLF Limited stock with a target of Rs 238.

According to analyst, the investors can sell the stock with a stop loss of Rs 247.

Mr. Mohinder added that it's better to sell the stock in today's session as there are full chances of decline.

Today, the stock of the company opened at Rs 240 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 397.39 and a low of Rs 220.25 on BSE.

Current EPS & P/E ratio stood at 10.59 and 22.61 respectively.

DLF Limited declared a marginal declination of 0.47% in its consolidated net profit for the three month period ended December 2010.

During Oct-Dec period, DLF recorded a net profit of Rs 4,656.70 million as against Rs 4678.90 million for same period of 2009.

Consolidated total income surged 20.56% to Rs 25,942.30 million.

On a stand alone basis, the company registered a decline of 8.73% in its net profit at Rs 2048.40 million for the period under review.

Total income surged 2.13% to Rs 10,390.90 million.

Country's biggest property developer DLF has decided to approach SC against a Punjab and Haryana High Court order saying annihilation of the SEZ in Gurgaon, which houses several large IT companies.

During last week, the HC discovered that the land was acquired by the state administration for some other idea and not for a SEZ and subsequently said that production on some parts of the land be destroyed.




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