May 22, 2018 / 5:27 AM / 3 months ago

BUZZ-India's DLF hits lowest in over 6 months

** Real estate developer DLF Ltd’s shares fall as much as 5.3 pct to 183.25 rupees, lowest since Oct. 27

** Nearly 8.1 mln shares changed hands as of 0510 GMT, 1.4 times the 30-day avg volume

** Stock is top pct loser on Nifty Realty index , which was trading 0.1 percent higher

** DLF’s Q4 revenue from ops plunged over 38 pct to 13.78 bln rupees ($202.7 mln), it said on Monday

** Share of profit in associates and joint ventures of DLF stood at 2.05 bln rupees, compared with a loss a year earlier; consolidated results not comparable to prior periods, DLF added

** “Markets are expected to have bottomed out and a revival is on the cards in the medium term,” DLF said in a statement

** Up to Monday’s close, stock had fallen 25.4 pct this year compared with a 15.6 pct decline in the Nifty Realty index ($1 = 67.9900 Indian rupees)

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