DLF shares today fell as much as 5.8 per cent to a near 3-week low as according to media reports the Competition Commission of India has ordered a fresh probe against DLF Ltd.
DLF counter was also hit as the ruling BJP is heading for election defeat in Delhi at the hands of the Aam Aadmi or Common Man Party.
DLF is down 2.5%, the company's net profit has dropped 9.3% in the December quarter, y-o-y.
— Rajalakshmi Nirmal (@crajalakshmic)
February 10, 2015The Aam Aadmi Party had in the past made allegations of corruption against DLF.
Reports say that the Competition Commission has ordered a fresh probe against DLF
— Rajalakshmi Nirmal (@crajalakshmic)
February 10, 2015The company has reported a 9 per cent decline in net profit on lower sales.