Stock market analyst Prabhudas Liladhar has maintained 'buy' rating on DLF Ltd stock with a target of Rs 342.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 315.

Today, the stock of the company opened at Rs 322 on the Bombay Stock Exchange (BSE).

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

Current EPS & P/E ratio stood at 10.76 and 29.87 respectively.

Country's top realty developer DLF Ltd announced that it has decided to lift around Rs 3,000 crore by the coming 12 to 18 months.

The company said that the said amount would be raised via sale of non-core assets for lessening its net arrears.

By the end of April-June quarter, DLF's net debt stood at Rs 18,463 crore.

The company eyes to lessen its overall debt burden via operational cash flows and sale of non-core assets.

For April-June period, DLF's net profit surged 2.04 times to Rs 2,051.00 million as compared to Rs 1,004.00 million during the same period of last year (2009).

The company's net sales during the said quarter climbed 55.97% to Rs 6,518.90 million, whereas total income during the same period increased by 43.95% to Rs 8,145.20 million.