LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Housing finance companies crash; DHFL share price plunges 60% to Rs 246.25

Dewan Housing Finance Corporation shares plummeted 59.67 per cent to Rs 246.25, its 52-week low, on the BSE, followed by Indiabulls Housing Finance, Can Fin Homes, PNB Housing Finance and LIC Housing Finance cracking up to 17 per cent. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Housing finance companies crash; DHFL share price plunges 60% to Rs 246.25
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. Image source: company website
Written By: ZeeBiz WebTeam
Updated: Fri, Sep 21, 2018
02:50 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Earn 9.1% interest rate on this newly launched bond issue; check details here Earn 9.1% interest rate on this newly launched bond issue; check details here
ArthVeda Fund Management raises $250 million from Qatar Holding to invest in Affordable Housing ArthVeda Fund Management raises $250 million from Qatar Holding to invest in Affordable Housing
DHFL's net profit rise by 29% in Q2FY17; shares soar DHFL's net profit rise by 29% in Q2FY17; shares soar

Despite firm global cues and recovery in domestic currency, the BSE Sensex plummeted over 1,200 points within a matter of minutes in afternoon session on major selloff in auto, banking and IT stocks. It did recover nearly 900 points. However, shares of housing finance firms have also crashed sharply with Dewan Housing Finance (DHFL) tumbling up to 60 per cent on massive selling.
 
Notably, Dewan Housing Finance Corporation Ltd. is a deposit-taking housing finance company, which is headquartered in Mumbai with branches in major cities across the country.
 
Dewan Housing Finance Corporation shares plummeted 59.67 per cent to Rs 246.25, its 52-week low, on the BSE, followed by Indiabulls Housing Finance, Can Fin Homes, PNB Housing Finance and LIC Housing Finance cracking up to 17 per cent. 
 
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, said the report, adding that the broader market also witnessed huge sell-off.
 
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.  
 
Yes Bank was reportedly the biggest Sensex loser, cracking 34 per cent to hit a one-year low after the RBI yesterday curtailed the term of its founding CEO Rana Kapoor. The central bank had asked the private sector lender to look for his replacement by January 2019.
 
Other banking stocks such as PNB, Federal Bank, Bank of Baroda, Kotak Bank and SBI, dropped up to 7.44 per cent.
 
Watch this Zee Business video

Other major losers today were Adani Ports, Tata Motors, Infosys, Sun Pharma, SBI, Maruti Suzuki and HUL, falling up to 3.15 per cent.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Dewan Housing Finance Corporation LtdHousing FinanceBombay Stock Exchange (BSE)Banking & Financial Services
RELATED NEWS
Earn 9.1% interest rate on this newly launched bond issue; check details here Earn 9.1% interest rate on this newly launched bond issue; check details here
ArthVeda Fund Management raises $250 million from Qatar Holding to invest in Affordable Housing ArthVeda Fund Management raises $250 million from Qatar Holding to invest in Affordable Housing
DHFL's net profit rise by 29% in Q2FY17; shares soar DHFL's net profit rise by 29% in Q2FY17; shares soar

LATEST NEWS

JEE Main 2021: Paper-1 for B.Tech Exam (Shift-1) begins under strong surveillance! 6,09,889 candidates choose to write papers

IRCTC ticket booking: Get 'cheaper' tickets, these benefits on air.irctc.co.in and IRCTC App

Gujarat Municipal Election FINAL Result: PM Narendra Modi says Thank You Gujarat for big BJP victory in civic local body polls - Check corporation wise seat details here

Heranba Industries IPO subscription: 1st day details highlighted for investors

Intense Chelsea stifled Atletico, says proud Tuchel

Gold Price Today – Gold price up by Rs 25, Silver by Rs 235 in morning trade after falling on Tuesday; Expert recommends this today

SBI Special Senior Citizen Scheme: GREAT RELIEF! State Bank of India makes retirement merrier for pensioners; check details at sbi.co.in

Drew Barrymore was ''out of control'' as a teenager

ACC, UltraTech Cement, Shree Cement, Ramco Cement and more: Centrum Broking highlights details for Investors

Gangubai Kathiawadi: AMAZING Alia Bhatt! Check POWERFUL first look, story, release date, cast and other details

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved