By IANS
Mumbai : Real estate developer DLF Ltd’s stock debuted Monday on the benchmark sensitive index (Sensex) of the Bombay Stock Exchange by replacing pharmaceutical major Dr. Reddy’s Laboratories Ltd’s stock.
The stock opened at Rs.960 in early morning trades and closed at Rs.947.85. It however posted gains of 11.30 points or 1.21 percent over Friday’s close.
The stock has posted a return of 76.65 percent since its listing on Oct 5 in the secondary market.
DLF Ltd had entered the capital market this July with an initial public offering (IPO) of 175 million equity shares through a 100 percent book building process.
Besides DLF, Power Grid Corp of India, Engineers India and MMTC have replaced Balmer Lawrie and Co and HMT Ltd on the BSE PSU index with effect from Monday.