DLF shares slump; BNP downgrades to 'reduce'

Reuters Market Eye - DLF Ltd falls 2.3 percent to 162.85 rupees.

BNP Paribas downgrades the stock to "reduce" from "hold".

Cuts target price to 146 rupees from 169 rupees.

Cites "limited upside potential" for shares and "no major potential catalysts in the near-term."

Also highlights DLF's "weak operational data and negative newsflow from ongoing legal cases."

(Reporting Indulal PM)