Reuters Market Eye - Shares in DLF Ltd(DLF.NS) recover to rise 1 percent after falling as much as 1.6 percent in early trading.
The shares had initially slumped after DLF said late on Monday July-September net profit slumped 63 percent from a year ago, hit by slowing home sales.
DLF shares had fallen 5.2 percent over the three previous sessions.
However, analysts say the company's management indicated on a call that the second quarter was likely to be a trough and guided for an improvement in launches, continued debt reduction, and potential asset sales.
Trending On Reuters
Shock turned to anger in Nepal on Tuesday as some of the tens of thousands stricken by a devastating earthquake, which killed more than 4,000 people, expressed frustration at what they said was their government's slow response to the crisis. Full Article