Announced Wed, 29 Jul · 16:15 IST
DCM wins court case; GCD Prime's petition dismissed
DCM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.7%1-day move
₹88.20
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.7-5.2-7.0-7.8-6.8-7.0-11.7———
Up moveDown movePending
AI summary
Delhi High Court on July 28, 2026 dismissed the Section 9 petition filed by developer GCD Prime seeking to stay DCM Limited's November 2025 forfeiture and termination notice for their Joint Development Agreement. The JDA covered 67.275 acres of DCM land in Hisar, Haryana for development under DDJAY policy. DCM is entitled to 55 percent of net sale revenue under the JDA.
Likely market impact
Positive for DCM. Termination of JDA with GCD Prime stands firm. The 67-acre Hisar land project can move forward without developer constraints.