DLF shares rebound from record low on value buying
Shares rebounded after initially hitting a record low of Rs100.10 apiece in opening trade
Mumbai: Shares in India’s biggest property developer DLF Ltd surged as much as 10.4% to ₹ 115.85 apiece on BSE on Thursday, after starting the session by slumping to a record low of ₹ 100 apiece, as investors were attracted by cheaper valuations following a recent slump.
DLF slumped 28.6% on Tuesday after market regulator Securities and Exchange Board of India (Sebi) banned it from the capital markets for three years over violations related to disclosures for its 2007 listing.
Markets were closed on Wednesday as Maharashtra went to polls.
The DLF shares closed 5.15% higher at ₹ 110.35 apiece, while the benchmark Sensex shed 1.33% to 25,999.34 points. Reuters
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