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DLF drops 5% in morning trade on poor Q4 nos

This article was posted on May 25, 2011 and is filed under Market News

Shares of realty major DLF took a hit in morning trade on the bourses today, shedding 5% on the NSE after the company reported a drop in consolidated net profit for the quarter ended March 31, 2011.

On the NSE, the stock plunged by 5.02% to hit a one-year low of Rs 208.10.

On BSE, the scrip fell by 4.97% to touch a 52-week low of Rs 208.05.

According to analysts, the company’s quarterly profit missed market estimates, resulting in the stock coming under selling pressure. For more visit: Business-Standard

Tags: best intraday call, DLF

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