DLF Shares Recover From Record Low; Gains 5%
Oct 16, 2014, 18:08 IST
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Stocks of realty giant DLF recovered after hitting a record low in early trade. Its shares gained more than 5% on value buying at lower levels. Its shares ended with a gain of 5.15% at Rs 110.35 on the BSE.
During intra-day trade, DLF's stock touched a high of Rs 115.85 – a gain of more than 10% from its previous close. The company's market value rose by Rs 962.24 crore to Rs 19,663.57 crore from Rs 18,701.33 crore on Tuesday on value buying.
Shares of DLF had plunged nearly 30% after SEBI’s imposition of a three-year ban on the company and its top executives from securities markets.