DLF shares rose as much as 10.7 per cent on Thursday, rebounding after crashing 30 per cent on Tuesday. Markets were closed on Wednesday for state elections.
DLF shares rose as much as 10.7 per cent on Thursday, rebounding after crashing 30 per cent on Tuesday. Markets were closed on Wednesday for state elections.
DLF, India's biggest listed property developer, was the top gainer on the 50-share Nifty benchmark.
Analysts attributed today's sharp gains in DLF to value buying as investors were attracted by cheaper valuations.
DLF had slumped 28.6 per cent on Tuesday after securities regulator SEBI banned it from the capital markets for three years over violations related to disclosures for its 2007 listing. (Read the full story here)
As of 09.45 a.m., DLF traded 7.2 per cent higher at Rs 112.50, outperforming a 1.6 per cent gain in the realty sub-index on the BSE.
(With inputs from Reuters)
Sign Up with Google
RECOMMENDED FOR YOU
POPULAR