Are DLF investors waiting for Godot?
The company has managed to keep investor spirits up through the hope that the promoter stake sale in DLF Cyber City Developers Ltd will minimize its debt woes
Apart from a buoyant mood on the bourses on Thursday, there is nothing that justifies the 2.9% jump in DLF Ltd’s stock price. On the contrary, the country’s largest real estate firm put up a dismal December quarter performance. Its fundamentals are on shaky ground with an unendingly long wait for a bailout.
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