Shares of DlF on Thursday hit a fresh life-time low of Rs 100 a piece, before bouncing back on bargain buying and gained over 15 per cent from day's low.
In a tumultuous opening trade after being battered by nearly 30 per cent in 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. After paring some intra-day gains, the stock was trading 6 per cent up at Rs 111.20 at the BSE at 1130 hours.The stock had slumped to Rs 104.95 on Tuesday, the last trading session, after a Sebi order led to unprecedented sell-off in the company shares. DlF shares are now trading with circuit limits, with the upper limit for the day fixed at Rs 120.65 and the lower end at Rs 94.50 at the BSE.