Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "It is not easy to go and short stocks after 3-4 percent decline. I would wait for some rallies. DLF is still a short on a rally."
At 12:58 hrs DLF was quoting at Rs 176.20, down Rs 12.85, or 6.80 percent.It has touched a 52-week low of Rs 174.40
The share touched its 52-week high Rs 289.20 and 52-week low Rs 184.00 on 12 March, 2013 and 11 June, 2013, respectively. Currently, it is trading 39.07 percent below its 52-week high and 4.24 percent above its 52-week low. Market capitalisation stands at Rs 31,358.97 crore.
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