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MARKET EYE-India's DLF recovers after steep fall
November 15, 2012 / 6:34 AM / 5 years ago

MARKET EYE-India's DLF recovers after steep fall

* Shares in DLF Ltd 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.

 (manoj.dharra@thomsonreuters.com /
manoj.dharra.thomsonreuters.com@reuters.net)

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