Moneycontrol Bureau
After Reliance Industries, Reliance Communications and recently Kingfisher Airlines, it is now the turn of property developer DLF to face the music from Veritas Investment Research, the Canadian research firm known for its scathing reports on companies with poor financial discipline/business model, or those suspected of gypping minority shareholders.
In its report on DLF titled 'crumbling edifice', analysts Neeraj Monga and Nitin Mangal have slammed the company's accounting practices, business model and management integrity, and concluded that the stock is at best worth Rs 100.
At 12:30 pm, DLF shares were trading at Rs 218.50, down 3.5% over their previous close.
Monga and Mangal have pointed to the company
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