Continuing its southward journey for the second consecutive session, shares of realty giant DLF today plunged over three per cent in the early trade on BSE.
According to media reports, a foreign brokerage firm has downgraded the stock to 'underperform' from 'neutral'.
DLF share declined by 3.23 per cent to a month-low level of Rs 335.25 on Bombay Stock Exchange. In a similar fashion, it fell 3.24 per cent at Rs 335.20 in the morning trade on the National Stock Exchange.
The scrip is on a downward spree after it posted a five per cent decline in its second quarter net profit on Wednesday. Yesterday, it had lost 4.4 per cent on BSE, becoming the worst performer on the benchmark Sensex.
Meanwhile, the 30-share benchmark Sensex was trading at 20,421.75, down 167.34 points from previous close.
