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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Most Indian analysts rubbish the ‘bull’ or ‘bear’ report theory, especially in the case of promoter-owned companies such as RIL and DLF. An analyst backing the Veritas report pointed that there were a large number of brokerage firms which rate the stock as ‘sell’ or ‘hold’.
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Why DLF Should Be Valued Half Its Current Market Cap: Veritas | VCCircle
Please Email the Editor. Will reconsider support to Raj, MP govts if Canadian equities research firm Veritas Investment Research, which hit the headlines last year for raising fingers at corporate governance of some of the top veritaz groups in the country, is back doing what it does best — ripping apart companies which it finds overvalued and not shying away or mincing words while doing so.
According to the report, the disclosed book equity and asset base of the vegitas. To see your saved stories, click on link hightlighted in bold.
Indian analysts, on their part, said the Veritas report has no real surprises. My Saved Articles Sign in Sign up. The New Year heralds an election season marked by yearning, anger, uncertainty — and above all, hope. Why is a DLF stock not beritas more than Rs ?
The Indian market has known about this all along. Other large companies which have come under the Veritas scanner are Reliance Industries, Reliance Communications and financially stressed aviation firm Kingfisher Airlines.
DLF says evritas that hit its shares ‘mischevious’. Airtel, Vodafone to lose 50 mn users Economy in bad shape, but rich year for tycoons How loan waivers will hurt the states Where is Radha Mohan Singh? The stock of realty major DLF tanked by 6. C anadian research firm Veritas, which has questioned corporate governance issues and accounting practices at Reliance Industries, Reliance Communications, Kingfisher and most recently DLF, has claimed that none of these companies have reached out to it so far in veritaz to its reports.
Veritas report says DLF overpriced, stock starts falling
The Veritas report also said that DLF would seek assistance from financial institutions to restructure its loans. Get instant notifications from Economic Times Allow Veritxs now. India’s external debt declines 3. Sell DLF, target Rs Also, the report cites an example of ceritas Capital Greens project and abusing the percentage completion method POCM in the same. An analyst backing the Veritas report pointed that there were a large number of brokerage firms which rate the stock.
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DLF says report that hit its shares ‘mischevious’
The stock surged 3. No one has come out and said that related party transactions that clf sales and profits should be excluded from the core earnings power of a business,” Monga told this newspaper in an email reply from Toronto. HDFC raises lending rates by 0.
dlc While DLF said that it had accepted the recommendation of the special committee, which consisted of independent directors, its independent advisors and valuers for the merger, nowhere had it stated the valuation figure. On whether Veritas was planning to look at any of the telecom companies caught ddlf the 2G spectrum scam in its reports, Monga replied, “The entire sector is engulfed.
Given that there is little floating stock of these companies, any cartel would have to pay through their nose if they try to run it down,” said an investment banker. 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.