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DLF shares plunged over 5 per cent in the morning trade today after the company reported a 45 per cent decline in consolidated profit-after-tax for the third quarter of 2011-12.
After a weak opening, the scrip dropped further by 5.15 per cent to Rs 218.80 on the BSE. Similarly, on the NSE, the stock tanked 5.37 per cent to Rs 218.50.
The scrip was the worst performer among the blue-chip stocks both the NSE and the BSE.
The realty firm had last week reported a 45 per cent decline in consolidated profit-after-tax at Rs 258 crore for the third quarter ended December 31, 2011 on account of lower than expected sales. The company had posted Rs 466 crore PAT in the October-December quarter of 2010-11 fiscal.
In the broader market, the BSE benchmark Sensex was trading down 4.25 points at 17,744.44 in the late morning trade.
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