This time around, the company on the firing line happens to be DLF Ltd, India’s The report titled ‘A Crumbling Edifice’ and authored by Neeraj. Meanwhile, in a report titled A Crumbling Edifice, analysts Neeraj Monga and Nitin Mangalof Veritas Investment Research Corp. said DLF was. VERITAS REPORT ON DLf now excoriated DLF, dubbing India’s largest realtor ‘a crumbling edifice’. How does one trade DLF from now?.
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Veritas report says DLF overpriced, stock starts falling | business | Hindustan Times
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NIFTY 50 10, 2.
Drag according to your convenience. After ripping apart Reliance IndustriesReliance Communications and Kingfisher AirlinesCanada-based independent equity research firm Veritas has trained its guns on debt-laden property developer DLF.
DLF shares fell 5.
A makeover on the cards for DLF?
In dlff, DLF Assets had 6. DLF says report mischievous In response to an email query, a DLF spokesperson said the firm did not comment on individual research reports. The company adheres to the highest standards of corporate governance and financial integrity and the audited financials of the company are always in the public domain,” said the DLF spokesperson.
DLF is the fourth Indian company to w come under attack from Veritas, whose critical reports on the Ambani brothers – released in July – and on Kingfisher were widely followed by the media and financial markets.
The firm questioned the corporate governance and accounting practices at RIL and Reliance Communications, while raising concerns over Kingfisher’s sustainability. Veritas has also attacked DLF’s “aggressive and conflicting accounting policies and inability to deliver on promises”. They think DLF will seek assistance from financial institutions to restructure its loans citing lack of free cash flow and the absence of a credible plan to lower debt. Read more on Kingfisher Airlines. HIV, mental illness coverage may not hike premiums sharply: My Saved Articles Sign in Sign up.
Why DLF Should Be Valued Half Its Current Market Cap: Veritas
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