New Delhi, Sep 28 (PTI) Shares of NBFC and housing finance firms continued to witness selling pressure Friday, falling up to 9 per cent on persistent worries over liquidity constraints. Also Read - PNB Housing Finance Q3 profit up 32 pc at Rs 303 crore
The scrip of Indiabulls Housing Finance plunged 8.91 per cent, Reliance Home Finance 8.43 per cent, DHFL 5.08 per cent, PNB Housing Finance 4.46 per cent and LIC Housing Finance 1.14 per cent on BSE. Also Read - PNB Housing Finance raises $265 m through ECB
Shares of Muthoot Capital Services fell 4.98 per cent, Manappuram Finance 4.17 per cent, Shriram City Union Finance 2.63 per cent and Motilal Oswal Financial Services 0.25 per cent. Also Read - PNB Housing Finance raises USD 265 mn from foreign mkts
Liquidity concerns in the NBFC space have hit investor sentiment of late, with shares of many of these companies tumbling sharply.
Shares of NBFC and housing finance firms continued to trade weak Thursday also, plunging up to 8.5 per cent.
Housing finance and NBFC companies had dropped as much as 23.5 per cent Tuesday, led by DHFL, on fears of a liquidity crisis.
These stocks fell in Monday’s trading session as well. PTI
This is published unedited from the PTI feed.