DLF may touch Rs 165-170: Ambareesh Baliga

Ambareesh Baliga, Market Expert told CNBC-TV18, "The judgement is negative for DLF and they need to pay in next two to three months and I do not know whether they can really appeal against that. So this is a stock because of this could possibly head to levels of about Rs 165-170, so that is not a buy as of now."

At 11:41 hrs DLF was quoting at Rs 178.90, down Rs 4.15, or 2.27 percent. It has touched an intraday high of Rs 183.05 and an intraday low of Rs 176.95.