Sell DLF With A Target Of Rs 348
Technical analyst Rahul Mohinder has maintained 'sell' rating on DLF Limited stock with stop loss of Rs 366.
According to analyst, the investors can sell the stock with a target of Rs 348.
Mr. Mohinder said that after selling the stock in today's session, the interested investors can purchase the stock again for medium or long term target.
The stock of the company, on Nov 10, closed at Rs 363.45 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 403 and a low of Rs 259 on BSE.
Current EPS & P/E ratio stood at 10.56 and 33.68 respectively.
India's biggest real estate company DLF recorded 5% fall in its consolidated net profit for the three month period ended September 30, 2010.
The company's consolidated net profit stood at Rs 418.38 crore for the period under review as against Rs 439.74 crore profit in the year-ago period.
But, the consolidated revenue of the company grew by 39% to Rs 2,520 crore in July-September period as against Rs 1,810 crore during the same period of last financial year.
The company's finance charges during the quarter stood at Rs 433.76 crore as compared to Rs 248.61 crore in the year-ago period.