Continuing its southward journey for the second consecutive session, shares of realty giant DLF on Friday 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% to a month-low level of Rs 335.25 on Bombay Stock Exchange. In a similar fashion, it fell 3.24% at Rs 335.20 in the morning trade on the National Stock Exchange.
The scrip is on a downward spree after it posted a 5% decline in its second quarter net profit on Wednesday. On Thursday, it had lost 4.4% 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.