Hold DLF

Hold DLFStock market analyst Rajesh Tambe of Sunchan Securities has maintained 'hold' rating on DLF Ltd stock to reap good return in the coming days.

According to analyst, DLF stock will be given some time to prove its strength.

Today, the stock of the company opened at Rs 298 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 490.80 and 259 respectively.

The share price has seen a 52-week high of Rs 10.69 and a low of Rs 28.10 on BSE.

The biggest realty developer in India has racked up lease deals for around 10 million square feet or slightly more than half its leasable commercial assets.

According to Saurabh Chawla, company's executive director (finance), the company eyes over 80% of the DAL portfolio to be rented before thinking over a Singapore Reit listing.

The company is also eyeing to introduce its residential project in NTC Mills, Lower Parel, Mumbai, by the second quarter of 2010.

At present, the company has been capable of generating cash collections of Rs 600-700 crore on a monthly basis from its projects in the housing and commercial segment.