Oct 11, 2012, 02.01 PM IST | Source: Reuters

Kejriwal accusations: UBS sees 'no material impact' on DLF

UBS said it expects limited impact on DLF's business following recent accusations by anti-corruption activist Arvind Kejriwal of improper dealings with Robert Vadra, son-in-law of ruling Congress Party chief Sonia Gandhi, and Haryana government.

Kejriwal accusations: UBS sees 'no material impact' on DLF

UBS said it expects limited impact on DLF 's business following recent accusations by anti-corruption activist Arvind Kejriwal of improper dealings with Robert Vadra, son-in-law of ruling Congress Party chief Sonia Gandhi, and Haryana government.

"With the stock down 11 percent on the back of this news flow, and our expectation of no material impact on DLF's business - we believe concerns are largely priced in," UBS said in a note dated on Wednesday.

DLF has denied accusations of improper dealings.

UBS maintained a 'buy' rating on the company.

Don't miss: It is turning out to be a miserable year for DLF

Invest in Arvind Kejriwal

Buy Sell

Arvind Kejriwal
Let the Voting Begin
Invest in Sonia Gandhi

Buy Sell

Sonia Gandhi
Let the Voting Begin
Set email alert for

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Rahul Gandhi

570.54 7.41 1.32%

340799

Bought today

361318

Sold today

0.81%

User holding

video of the day

Add cyclicals, banks on positive poll outcome: UBS

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.