Avoid DLF, GSPL, says Dipan Mehta

Dipan Mehta, Member of BSE & NSE told CNBC-TV18, "Better to not touch DLF at all. All companies which are embroiled in some sort of a government controversy need to be completely avoided and that include DLF, Gujarat State Petronet Ltd (GSPL) even Financial Technologies for that matter. Where there is so much of controversy and one doesn’t know really what the investigations will actually how they will pan out, investors are better off for staying away."

"It is unfortunate that such developments are taking place and way the stock prices have corrected, minority shareholders hardly have had a chance to react to the negative news. However that’s the way that market works and if there are companies or sectors in which there is a heavy government interference, government regulations, interaction with the regulatory authorities then such risk always exists and one has to factor in when you invest in them," he added.