Stock market analyst Rajesh Jain of SMC Global Securities has maintained 'buy' rating on DLF Ltd stock to achieve a target that lies between Rs 345-350.

According to analyst, the interested investors can buy the stock with stop loss of Rs 318.

Today, the stock of the company opened at Rs 320.90 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 10.76 and 30.40 respectively.

The share price has seen a 52-week high of Rs 490.80 and a low of Rs 259 on BSE.

DLF, country's top realty developer, announced a phenomenal increase in its standalone net profit for the three month period ended June 2010.

During the period under review, the company's profit increased 2.04 times to Rs 2,051.00 million as compared to Rs 1,004.00 million during the corresponding quarter of 2009.

Net sales during the quarter climbed 55.97% to Rs 6,518.90 million.

The company's total income during April-June quarter grew by 43.95% to Rs 8,145.20 million.

It announced EPS of Rs 1.21 per share for the quarter under review, recording 2.05 times increase over previous year period.