DLF India Shares Recover by 1% After Sharp Fall

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November 15, 2012 8:02 PM EST

The shares had initially slumped after DLF said late on Monday that July-September net profit slumped 63 percent from a year ago, hit by slowing home sales.

DLF shares had fallen 5.2 percent over the three previous sessions.

However, analysts say the company's management indicated on a call that the second quarter was likely to be a trough and guided for an improvement in launches, continued debt reduction, and potential asset sales.

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Copyright 2012 Thomson Reuters. All rights reserved.

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