Shares in DLF, fell 2.99 per cent, sharply underperforming a 0.4 per cent gain in the Nifty and posting their sixth decline in the past seven sessions.
Traders say DLF is being hit by perceptions of its ties with the ruling Congress party, which is trailing badly in polls ahead of elections concluding next month.
A DLF spokesman declined to comment.
"As per our company policy, we do not comment on market speculation."
DLF has lost around 13.7 per cent so far in April, far underperforming rivals.
Traders say DLF is being hit by perceptions of its ties with the ruling Congress party, which is trailing badly in polls ahead of elections concluding next month.
A DLF spokesman declined to comment.
"As per our company policy, we do not comment on market speculation."
DLF has lost around 13.7 per cent so far in April, far underperforming rivals.