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Thursday, July 17, 2008

DLF among major losers-good long term investment pick

DLF is trading nearly 66.5% below it's 52 week high of 1225. Portfolio manager P N Vijay is Bullish on DLF (ref. Moneycontrol). it can be a good long term stock. DLF has very strong presence and land bank with mega projects in line allover India. They are concentrating majorly on commercial projects which would have less impact from interest rate hike than residential sector.

DLF is among major losers on the Sensex. At 12:51 pm, the share was quoting at Rs 411.30, down Rs 15.65, or 3.67%. It has touched an intraday high of Rs 437 and an intraday low of Rs 407.15.

It was trading with volumes of 948,738 shares. Yesterday the share closed down 6.33% or Rs 28.85 at Rs 426.95.

Share Price Movement During The Last 12 Months
PeriodPriceLatest PriceGain/Loss (Rs.)% Gain/Loss

Currently -66.42% below the 52-week high of 1,225.00
Currently 17.41% above the 52-week low of 350.30

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