News: DLF Ltd (DLF.BO)

DLF.BO on Bombay Stock Exchange

151.25INR
9:20am IST
Price Change (% chg)

Rs0.40 (+0.27%)
Prev Close
Rs150.85
Open
Rs150.00
Day's High
Rs151.60
Day's Low
Rs150.00
Volume
32,392
Avg. Vol
1,168,795
52-wk High
Rs242.80
52-wk Low
Rs127.35

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Tue, Sep 23 2014

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DLF shares slump; BNP downgrades to 'reduce'

Reuters Market Eye - DLF Ltd falls 2.3 percent to 162.85 rupees.

MARKET EYE-India's DLF shares slump; BNP downgrades to 'reduce'

* DLF Ltd falls 3.1 percent to 161.55 rupees. * BNP Paribas downgrades the stock to "reduce" from "hold" * Cuts target price to 146 rupees from 169 rupees. * Cites "limited upside potential" for shares and "no major potential catalysts in the near-term." * Also highlights DLF's "weak operational data and negative newsflow from ongoing legal cases." (indulal.p@thomsonreuters.com/indulal.p.thomsonreuters.com@reut ers.net)

DLF shares falls 8.4 pct after court cancels land deal

Reuters Market Eye - DLF Ltd shares fall 8.4 percent. The Punjab and Haryana High Court on Wednesday cancelled a 350-acre plot of land that DLF had acquired from Haryana, local media reported.

MARKET EYE-India's DLF shares stumble after court cancels land deal

* India's DLF Ltd shares drop as much as 8.7 percent. * The top court for Punjab and Haryana on Wednesday cancelled a 350-acre plot of land that DLF had acquired from the northern state of Haryana, local media reported. * "The Company is awaiting a copy of the order and can offer detailed comments only pursuant to that," DLF said in a statement. * DLF says the land was for a project that was yet to be developed. * Court ruling raises concerns about increased regulatory scrutiny on the company.

DLF shares sink as Supreme Court upholds CCI penalty

Reuters Market Eye - Shares in DLF Ltd fell 4.6 percent on Wednesday.

MARKET EYE-India's DLF shares sink as top court upholds CCI penalty

* Shares in India's DLF Ltd fall as much as 5.4 percent. * The Supreme Court has directed DLF to pay 6.3 billion rupees ($104.2 million) in penalty, imposed by the Competition Commission of India (CCI) in 2011, TV channels report. * CCI imposed the fine after saying DLF violated fair trade norms and abused its dominant market position, as per the TV reports. * The builder had appealed the CCI order. * DLF could not be immediately reached for comment. (1 US dollar = 60.4450 Indian rupees) (ind

DLF quarterly profit falls 29 pct on lower home sales

NEW DELHI - DLF Ltd, India's top real estate developer, reported a 29 percent fall in quarterly net profit, hit by slowing home sales in Asia's third-largest economy as high inflation and interest rates continued to deter home buyers.

India's DLF quarterly profit falls 29 pct on lower home sales

NEW DELHI, Aug 1 - DLF Ltd, India's top real estate developer, reported a 29 percent fall in quarterly net profit, hit by slowing home sales in Asia's third-largest economy as high inflation and interest rates continued to deter home buyers.

Corporate winners and losers from budget

REUTERS - Prime Minister Narendra Modi's new government on Thursday unveiled its first budget of structural reforms aimed at reviving growth, winning praise from investors despite a lack of clarity over how it would cap the big fiscal deficit.

DLF shares down on weak margins

Reuters Market Eye - Shares in DLF Ltd drop as much as 4.1 percent after its January-March earnings fell short of some analysts' estimates.

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