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DLF shares extend downfall; slip 6%

Last Updated: Friday, March 2, 2012 - 11:21

Mumbai: Shares of realty major DLF plunged by nearly six percent this morning, extending its sharp decline in the previous trading session on reports flagging concerns about the company's financial health.

Even as the company debunked the reports, terming them as 'presumptive and mischiveous", the shares were down 5.9 percent at Rs 202 at the BSE this morning.

It was the biggest loser among the Sensex stocks in an almost flat market.

At the NSE also, the stock plummeted by 5.62 percent to Rs 202.

The stock had dropped over 5 percent yesterday as well.

Amid reports about an analyst report raising concerns over the company's financial health, DLF last night said that the reports appeared "presumptive and mischievous as the analysts have never contacted the company to seek any information or clarification".

DLF had further said that it adheres to the highest standards of corporate governance and financial integrity.

PTI

First Published: Friday, March 2, 2012 - 11:21
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