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  Business   Companies  21 Sep 2018  Housing finance firms crash; DHFL nosedives 60 per cent

Housing finance firms crash; DHFL nosedives 60 per cent

PTI
Published : Sep 21, 2018, 2:26 pm IST
Updated : Sep 21, 2018, 2:26 pm IST

The index had plunged 1,127.58 points, or 3.03 per cent, to hit an intra-day low of 35,993.64.

Shares of housing finance firms came crashing sharply on Friday, with Dewan Housing Finance tumbling up to 60 per cent on massive selling.
 Shares of housing finance firms came crashing sharply on Friday, with Dewan Housing Finance tumbling up to 60 per cent on massive selling.

New Delhi: Shares of housing finance firms came crashing sharply on Friday, with Dewan Housing Finance tumbling up to 60 per cent on massive selling.

The scrip of Dewan Housing Finance Corporation plummeted 59.67 per cent to Rs 246.25 -- its 52-week low -- on BSE. Among others, Indiabulls Housing Finance nosedived 35 per cent, Gruh Finance tumbled 17.66 per cent, Can Fin Homes plunged 14.55 per cent, PNB Housing Finance tanked 9.23 per cent.

 

The broader market also witnessed huge sell-off, with the BSE benchmark index crashing over 1,100 points within a matter of minutes during the afternoon trade. The index had plunged 1,127.58 points, or 3.03 per cent, to hit an intra-day low of 35,993.64. It however recovered nearly 900 points within minutes of the fall.

Tags: housing finance, dewan housing finance, bse sensex, bse benchmark
Location: India, Delhi, New Delhi