DHFL shares continues tank on report of probe

Shares of Dewan Housing Finance Corporation Limited (DHFL) slumped about 20-pc after a report claimed that the Ministry of Corporate Affairs (MCA) has ordered a probe into the reported allegations of financial misdeeds by the promoters of the company. In consequence of the issue, since the last four trading days, DHFL stock has tanked more than 30% on bourses.

DHFL share price is currently at Rs 136.45, down Rs 25.00 or 15.48 percent, from its previous close of Rs 161.45 on the NSE during mid-session.  Almost same price and percentage were quoted in BSE in case of DHFL.

The stocked opened at Rs 156.10 and has touched a peak level at 157.50 and a low mark at Rs 129.50, respectively so far in trade.

Looking to the company prospects, DHFL is one of the leading renowned housing finance companies in India with more than Rs 1,11,000 crores of assets under management (AUM) and a huge customer based across India. The company having a strong corporate governance regime and has credited AAA credit rating from leading credit agencies.