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.
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No one has come out and said that related party transactions that boost sales and profits should be excluded from the core earnings power of a business,” Monga dllf this newspaper in an email reply from Toronto. Other large companies which have come under the Veritas scanner are Reliance Industries, Reliance Communications and financially stressed aviation firm Kingfisher Airlines. Indian analysts, on their part, said the Veritas report has no real surprises.
It also points out that after the mega D,f of the realtor in at an issue price of Rs per share, the company has seen its share price declining 57 per cent, compared to an clf gain of 29 per cent in the stock benchmark market index Sensex in the same period.
This book excerpt outlines how saucy, edgy Fastrack was conceived out of the Titan stable and evolved into a Find this comment offensive? Fill in veriitas details: Buy DLF; target Rs Read more on DLF Ltd. Veritas Investments report says aggressive accounting created a myth The stock of realty major DLF tanked by 6. 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.
Why DLF Should Be Valued Half Its Current Market Cap: Veritas
A Veritas report on Thursday said DLF’s balance sheet was stretched and its stock price should not exceed Rs in a best case scenario, prompting the company shares to fall two days in a row.
Get instant notifications from Economic Times Allow Not now. Warren Buffett has this piece ceritas advice for veritaz and it’s not stocks. The company adheres to the highest standards of corporate governance and financial integrity and the audited financials of the company are always in the public domain.
Who should I name? In a statement DLF said: Meanwhile, DLF in its email response to The Economic Times said the firm did not comment on individual research reports. Will reconsider support to Raj, MP govts if The benchmark indices closed the day in the red while the realty sectoral index fell by over three per cent on the bourses. The report does not spare the promoters either.
DLF says report that hit its shares ‘mischevious’ –
The birth of a youth brand This book excerpt outlines how saucy, edgy Fastrack was conceived out of the Titan stable and evolved into a HDFC raises lending rates by 0. My Saved Articles Sign verias Sign up.
However, this report in question is presumptive and mischievous as the analysts have never contacted the company to elf any information or clarification. The company adheres to the highest standards of corporate governance and financial integrity and the audited financials of the company are always in the public domain,” said the DLF spokesperson.
Our Bureau Updated on March 12, But it could not meet its non-core asset sale dlr on Aman Resorts and other assets which had, once again, put a question mark on its ability to reduce debt on books.
Veritas primarily covers large capitalisation Canadian equities. The report also added that waiting for a bps cut in financial year might be too late. India’s external debt declines 3. Please Email the Editor. Dfl 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.
C anadian research firm Veritas, which has questioned corporate governance issues and accounting practices at Reliance Industries, Reliance Communications, Kingfisher and veriats recently DLF, has claimed that none of these companies have reached out to it so far in reaction to its reports.
Why DLF Should Be Valued Half Its Current Market Cap: Veritas | VCCircle
This, despite all these firms rubbishing the Veritas reports in their respective verigas to the media, and some even threatening legal action against the Canadian company. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using veriyas settings. The Indian market has known about this all along. Will be displayed Will not be displayed Will be displayed.
In its overview report February 23,BofA-ML said it expects a 50 bps interest rate cut in second quarter of this calendar year, which will impact the realty sector but would not suffice.
According to the latest report by Veritas, the stock should be valued at Rs per share. Cracking the new CODE of marketing In the new year, marketers will have to focus on four new essentials Flashback Fortis again pushes back date to complete RHT Health deal; auditor resigns. Drag according to your convenience.