Dewan Housing Corporation (DHFL) share price plunged as much as 60% to hit fresh 52 -week low of Rs 246.25 amid high volumes, but managed to trim a bit of loss on Friday.
The stock settled at Rs. 351.55, down Rs 259.05 or 42.43% on BSE, dragged maybe after selling of commercial papers worth about 200-300 crore by DSP Mutual Fund recently.
DHFL CMD said this market has come as a big surprise to not only DHFL as an organization it is also for the industry at large. We wish to categorically state that DHFL has not defaulted on any bonds or repayment nor has there been any single instance of delay on any of its repayment of any liability. We do not have any exposure with IL & FS.
DHFL continues its loan growth disbursements in the affordable housing segment going forward. The loan disbursements were Rs 13582.9 Crore for the quarter ended June 30, 2018. Showing an increase of 65% over the corresponding quarter of the previous year.