DHFL plunges 7% to hit fresh 52-week low

NEW DELHI: Shares of Dewan Housing Finance Corporation (DHFL), which was in the eye of an NBFC storm recently, cracked over 7 per cent to hit its fresh 52-week low on the BSE on Thursday.

Falling for the second session, shares of DHFL plunged today after entering the F&O ban segment on the NSE.

When the open interest of a stock crosses 95 per cent of market-wide position limit, the stock comes under the F&O ban period.


After a stock enters the ban period, traders can only decrease their position by offsetting their contracts until normal trading in the stock is resumed.

The stock was trading at Rs 177.30, down 6.76 per cent, on the BSE around 12 pm.

Other than DHFL, Adani Enterprises (down 2.24 per cent) and Adani Power (down 1.78 per cent) featured in the F&O ban list for October 25.

Amid liquidity woes plaguing the NBFC sector, DHFL arm Aadhar Housing Finance is looking to sell its loan portfolio to banks in a bid to overcome the crunch.

DHFL has been one of the most affected stocks in the NBFC crisis. In the last one month, the stock has lost two-thirds of its market value.

The Infrastructure Leasing & Financial Services (IL&FS) default crisis has created a negative perception about the health and functioning of NBFCs and has raised concerns about liquidity in the market. This, in turn, has triggered a sell-off in NBFC stocks.