Shares of realty major DLF took a hit in morning trade on the bourses today, shedding 5% on the NSE after the company reported a drop in consolidated net profit for the quarter ended March 31, 2011.
On the NSE, the stock plunged by 5.02% to hit a one-year low of Rs 208.10.
On BSE, the scrip fell by 4.97% to touch a 52-week low of Rs 208.05.
According to analysts, the company's quarterly profit missed market estimates, resulting in the stock coming under selling pressure.
DLF reported a 19.19% fall in consolidated net profit to Rs 344.54 crore for the last quarter of 2010-11.
The company had registered a net profit of Rs 426.38 crore in the corresponding quarter last year.
Meanwhile, the broader market bellwether Sensex was trading at 17,945.49, down by 66.48 points, at 1018 hours.
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