DLF Ltd shares plunge on SC notice

The equity shares of real estate major DLF Limited slumped in early trading today. The shares opened the day at Rs. 168.60, down by Rs. 3 as compared to the previous close of Rs. 171.60. But, soon the stock started plunging and hit day's low of Rs. 137.75, down by Rs. 33.85 or nearly 20%. Day's low was also the 52 week low for the stock.

The stock was last trading at Rs. 139.05, down by Rs. 32.55 or 18.97%.

Investors dumped the stock after www.thehindubusinessline.com dated August 22, 2019 reported news that Supreme Court (SC) has issued notice to DLF, SEBI on non-disclosure of key information in QIP.

Source : Equity Bulls

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