DLF share falling in Sensex
After the Bombay Stock Exchange (BSE) said it will replace DLF in the benchmark of 30-share Index with pharma major Dr Reddy’s Laboratories, the share value of the company fell.
A company spokesperson said that the replacement of DLF stock in the BSE Sensex is primarily due to low floating stock.
DLF has faced a huge de-rating from investors who have also become skeptical about the transparency and accounting policies of the company.
After DLF’s exit, there will be no real estate stock on the benchmark index.
More related stories:
DLF planning to sell non core asset to reduce Debt burden
DLF launching affordable homes in Bangalore
Source: Business Standard
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