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.
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