DLF India Shares Recover by 1% After Sharp Fall
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.