subject: High-return Hopes Lure Bargain Hunters To Dlf [print this page] SHARES of real estate firm DLF rose 3% in a lacklustre market to close at Rs 272.25. The move was supported by good volumes, with over 21 lakh shares being traded on the Bombay Stock Exchange (BSE), compared with the two-week average daily volume of around 17 lakh shares. Dealers tracking the DLF counter say bargain hunters have begun nibbling at the stock, as they feel the risk-reward ratio has improved after the 10% correction following the fourth quarter earnings. Some analysts are still bullish on the stock saying that DLF remains the leader in the sector and will be best placed to benefit from a pan-India recovery in property prices. However, another section says investors betting on DLF shares will have to be patient. They point out that a near-term recovery in the stock price will depend on the companys ability to retire around Rs 5,000 crore of debt this financial year through a mix of internal accruals and sale of non-core assets.
Courtesy ET Dtd: 16/06/2010
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
