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.
|Published (Last):||18 August 2012|
|PDF File Size:||20.23 Mb|
|ePub File Size:||15.67 Mb|
|Price:||Free* [*Free Regsitration Required]|
Why DLF Should Be Valued Half Its Current Market Cap: Veritas | VCCircle
According to the report, the disclosed book equity and asset base of the company. Shares of VveritasIndia’s largest listed property developer, fell as much as It added that the company inflated sales via its dealing with DAL.
In the new year, marketers will have to focus on four new essentials. However, this report in question is presumptive and mischievous as the analysts have never contacted the company to seek any information or clarification.
HDFC raises lending rates by 0. The report also contests the disclosed book equity and asset base of the company. C anadian research verltas 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.
The stock had dropped over 5 per cent in yesterday’s trade. Such reports existed when the company’s stock was trading at Rs 1, Rs or even Rs ,” said an analyst, emphasising that the share price of DLF had been falling anyway.
Fortis again pushes back date to complete RHT Health deal; auditor resigns. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.
My Saved Articles Sign in Sign up. This will alert our moderators to take action Name Reason for reporting: On whether Veritas was planning to look at any of the telecom companies caught in the 2G spectrum scam in its reports, Monga replied, “The entire sector is engulfed.
Why is a DLF stock not worth more than Rs 100?
Most Indian analysts rubbish the ‘bull’ or ‘bear’ report theory, especially in the case of promoter-owned companies such as RIL and DLF. Veritas primarily covers large capitalisation Canadian equities.
The company adheres to the highest standards of corporate governance and financial integrity and the dof financials of the company are always in the public domain. Will reconsider support to Raj, MP govts if In a statement DLF said: Currently, it has gross debt of around Rs 25, crore.
I’m surprised that those having ‘buy’ ratings are not called part of a bull cartel,” he added. Gold extended its rally for the second consecutive week. Find this comment offensive? Your Reason has been Reported to the admin.
An analyst backing the Veritas report pointed that there were a large number of brokerage firms which rate the stock. According to the latest report by Veritas, the stock should be valued at Rs per share. DLF says report that hit its shares ‘mischevious’.
Why Veritas report is under scrutiny
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. Mar 02, Log in Keep me signed in.
Airtel, Vodafone to lose 50 mn users Economy in bad shape, but rich year for tycoons How loan waivers will hurt the veitas Where is Radha Mohan Singh? Foul language Slanderous Inciting hatred against beritas certain community Others. From Berlin to Washington: Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings.
What will drive the rupee in ? Shares of DLF continued to witness selling pressure as investors offloaded positions after Vertias Investment Research recommended a ‘Sell’ on the stock.