Real Estate company DLF slipped on the announcement that Dr. Reddy’s Labs would replace it in the BSE Sensex w.e.f Jun 11.
"The replacement of DLF stock in the BSE Sensex is primarily due to low floating stock. DLF has high promoter group holding of about 79 percent leading to relatively low free float," reports said quoting a company spokesman.
Shares of DLF were trading at Rs.189.40, down 4% over the previous close. It had touched a day’s high of Rs.196.20 and a day’s low of Rs.188.55. The total traded quantity stood at 8.95 shares on the BSE.
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