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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Log in Keep me signed in. When asked to compare the Indian companies that Veritas had written vfritas so far, Monga said, “These are all struggling companies with distinctly different issues, with the common theme of poor corporate governance.
I’m surprised that those having ‘buy’ ratings are not called part of a bull cartel,” he added. 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? C anadian research firm Veritas, veritzs 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 reaction to its reports.
DLF extends fall after Veritas report
Despite slack physical demand, strong global cues lifted soya oil prices 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 vlf. Monga refused to respond to the speculation, saying, “No response to rumours. Strong global cues lifts soya Despite slack physical demand, strong global cues lifted soya oil prices Government constitutes committee to look into difficulties faced in The town has tried in vain to emerge as anything but a dld site that divides veriats communities.
Also, the report cites an example of its Capital Greens project and abusing the percentage vfritas method POCM in the same. Reliance to buy majority stake in renewable energy services firm Kanoda. This will alert our moderators to take action.
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. My Saved Articles Sign in Sign up.
The research firm’s latest target, DLF, is learnt to be exploring ways to change the perception that the report may have created. An analyst backing the Veritas report pointed that there were a large number of brokerage firms which rate the stock. Who should I name?
Why Veritas report is under scrutiny – Business
The stock of realty major DLF tanked by 6. The stock surged 3. What will drive the rupee in ? DLF says report that hit its shares ‘mischevious’.
The industry buzz is that DLF could explore the option of approaching the Securities and Exchange Board of India Sebi with concerns that the Veritas’ latest report on the realtor smelt of a bear cartel. 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.
Why DLF Should Be Valued Half Its Current Market Cap: Veritas
Veritas Investments report says aggressive accounting created a myth The stock of realty major DLF tanked by 6. Get instant notifications from Economic Times Allow Not vrritas. What a year has been! Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings.
Foul language Slanderous Inciting hatred against a certain community Others. Indian analysts, on their part, said the Veritas report has no real surprises.
Please Email the Editor. Tea prices in the various auction centres in the country increased by 4.
DLF under pressure after Veritas report; down 6% – The Economic Times
On 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. The Veritas report also said that DLF would seek assistance from financial institutions to restructure its loans.
As the report surfaced in the market, quite a few realty analysts across brokerages agreed with Veritas’ research rationale. Warren Buffett has this piece of advice for youngsters and it’s not stocks.
General elections, oil price, Brexit, and US Fed rate hikes may weigh on According to Veritas, Canadian-based research firm, DLF has undertaken questionable related-party transactions to boost the value of DAL prior to its acquisition by DLF, thereby subverting the interests of minority shareholders via a higher purchase price for DAL.
The report also added that waiting for a bps cut in financial year might be too late. In Maharashtra, it appears the rural jobs scheme is being implemented on paper alone. 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. Gold extended its rally for the second consecutive week. It also points out that after the mega IPO 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 approximate gain of 29 per cent in the stock benchmark market index Sensex in the same period.
The Canadian research firm said that the claims made by management about its ability to execute were fanciful. Read more on DLF Ltd. The New Year heralds an election season marked by yearning, anger, uncertainty — and above all, hope.
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