Shares of realty major DLF, which surged over 6 per cent in the morning session, came off its early highs ahead of the close on the NSE on Thursday. At 3 pm the share was trading at Rs 108.45 as against Rs 104.95 at close on Tuesday. This was a gain of 3.33 per cent.

The share hit a fresh life-time low of Rs 100 a piece in early trading, before bouncing back on bargain buying and gained over 15 per cent from the day’s low. In a tumultuous opening trade after being battered by nearly 30 per cent in the last trading session on the back of a SEBI order, the stock today opened near its day’s low level at Rs 100.10 and further slipped to Rs 100.

However, the stock gained ground soon as brokers and traders saw value buying at such low levels, which is less than half the level of its 52-week high of Rs 242.80 a piece.

The stock rose to as high as Rs 115.85 in early morning trade, marking a gain of over 15 per cent from opening lows.

The stock had slumped to Rs 104.95 on Tuesday, the last trading session, after a SEBI order led to an unprecedented sell-off in the company shares.

On Tuesday, as the stock suffered a severe drubbing, the company’s market valuation had fallen by Rs 7,438.67 crore.

SEBI has barred DLF as well as its six top executives, including chairman and main promoter K P Singh, from the securities market for 3 years for “active and deliberate suppression” of material information at the time of its IPO.

Other stocks in the limelight in late trading were NMDC, BPCL, ITC, and GAIL.

NMDC edged up to trade at ₹158. This represented a gain of 2.63 per cent on Tuesday’s close at ₹153.95.

BPCL held firm to trade at ₹669.95 as against ₹656.30 at close on Tuesday. This was a gain of 2.08 per cent.

ITC spurted 1.71 per cent at ₹352.95. The share was quoting at ₹347 at close on Tuesday.

GAIL (India) was down a shade at ₹453.55. This represented a gain of 1.36 per cent on its earlier close at ₹447.45.

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