DHFL shares nosedive 23%

Team Udayavani, Sep 25, 2018, 6:04 PM IST

New Delhi: Shares of DHFL erased early gains and tumbled 23 per cent Tuesday on profit-booking as fears of a liquidity crisis continued to haunt sentiments.

The scrip of the company plunged 22.30 per cent to Rs 305.35 on BSE despite a positive opening.

At NSE, shares of the company tanked 23.22 per cent to Rs 302.40 even after a positive start.

Shares of DHFL had bounced back sharply Monday and ended nearly 12 per cent higher after a massive selling spree on fears of a liquidity crisis Friday.

Housing finance company DHFL Monday had asserted that it has not defaulted on any financial obligations and there has been no instance of delay in repayment of any liability.

“DHFL reiterated that the company has neither defaulted on any bonds or repayment of its financial obligations, nor has there been any instance of delay on any repayment of any liability,” a company statement said Monday.