After Kingfisher, Veritas demolishes DLF

By Suresh Mansharamani on March 2, 2012 5 Comments / 1643 views

After tearing apart Kingfisher Airlines’ financials last year — well before the world and its uncle woke up to the reality of the doddering airline — Toronto, Canada-based Veritas Investment Research has now excoriated DLF, dubbing India’s largest realtor ‘a crumbling edifice

https://www.dnaindia.com/money/report_after-kingfisher-veritas-demolishes-dlf_1657253

Another Scam on its way.

“If a regulation can be changed by advocacy, it is doable, but if the law is to be broken to achieve something, it is not doable, writes K P Singh, chairman of DLF Ltd, the country’s largest realty developer, in his autobiography, Whatever the Odd”

Comments

Suresh Mansharamani

5 Comments

Neeraj Mehta March 2, 2012, 3:39 am

Sir, unlike Kingfisher, DLF more or less is *Desh ki Company* . As long as UPA is in power they will get out of any problems… 🙂
Suresh Mansharamani March 2, 2012, 3:42 am

Lets see how it unfolds
Suresh Mansharamani March 2, 2012, 3:58 am

Jyoti

This is insider trading to try to maintain the share price doesn’t go for free fall.
Alok Rodinhood Kejriwal March 2, 2012, 4:54 am

:-))))) awesome!
Suresh Mansharamani March 2, 2012, 8:48 am

Hi Jyoti

This is how it works and this is for example only and its normally done by many corporates.They will give say Rs 200 cr to some big broker.The broker will open ten accounts in different names totally unrelated, with different brokers.Now between themselves they will keep on supporting and manipulating the price.In situation like this since DLF is a highly liquid stock and under tremendous selling pressure they will not be able to support the price much but normal times they can keep the price higher.We will see much lower price for DLF stock in coming days.