Shares of DLF continued to witness selling pressure on Friday as investors offloaded positions after Vertias recommended a ‘Sell’ on the stock. Shares of DLF, the Delhi-based real estate major, fell 5% on Friday as a fallout of a research report by Toronto-based Veritas Investment. Veritaas Healthcare in DLF Phase I, Gurgaon. Book Appointments Online, View Doctor Fees, address, for Veritaas Healthcare in Gurgaon | Practo.
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The stock of realty major DLF tanked by 6. Fortis again pushes back date to complete RHT Health deal; auditor resigns.
DLF says report that hit its shares ‘mischevious’
Other large companies which have come under the Veritas scanner are Reliance Industries, Reliance Communications and financially stressed aviation firm Kingfisher Airlines. Cities were renamed, liberals were shouted down and vegans found their voice.
Airtel, Vodafone to lose 50 mn users Economy in bad shape, but rich year for tycoons How loan waivers will hurt the states Where is Radha Mohan Singh? Published on March 01, HDFC raises lending rates by 0.
This article is closed for comments. But it vveritas not meet its non-core asset sale guidance on Aman Resorts and other assets which had, once again, put a question mark on its ability to reduce debt on books. In a statement DLF said: What differentiates Veritas from other read Indian research reports is their tone and language. Sensex finishes year above 36, posts third straight annual gain. Mar 02, The stock surged vfritas. The report also added that waiting for a bps cut in financial year might be too late.
Get instant notifications from Economic Times Allow Not now. Fill in your details: The stock had dropped over 5 per cent in yesterday’s trade.
Why is a DLF stock not worth more than Rs ? – The Hindu BusinessLine
The research firm’s latest target, DLF, is learnt to be exploring ways dlt change the perception that the report may have created. The Veritas duo believes that DLF will seek assistance from financial institutions to restructure its loans. The report does not spare the promoters either. Given that there is little floating stock of these companies, any cartel would have to pay through their nose if they try to run it down,” said an investment banker.
This book excerpt outlines how saucy, edgy Fastrack was conceived out of the Titan stable and evolved into a Who should I name? The industry buzz is that DLF could explore the option of approaching the Securities and Exchange Board of India Sebi with concerns that the Veritas’ latest report on the realtor smelt of a bear cartel.
It helps with price risk management and facilitates effective competition. According to the report, DLF has faltered at every step — by selling its hotel assets and exiting mega township projects in Karnataka and West Bengal, to name a few. Government constitutes committee to look into difficulties faced in Warren Buffett has this piece of advice for youngsters and it’s not stocks. As the report surfaced in the market, quite a few realty analysts across brokerages agreed with Veritas’ research rationale.
This will alert our moderators to take action. DLF says report that hit its shares ‘mischevious’. Gold extended its rally for the second consecutive week. Drag according to your convenience. C anadian research firm Veritas, which has questioned corporate governance issues and accounting practices at Reliance Industries, Reliance Communications, Kingfisher and most recently DLF, has claimed that none of these companies have reached out to it so far in reaction to its reports.
I’m surprised that those having ‘buy’ ratings are not called part of a bull cartel,” he added.
An analyst backing the Veritas report pointed that there veritaa a large number of brokerage firms which rate the stock. Log in Keep me signed in. My Saved Articles Sign in Sign up.