Stocks

Dewan Housing falls; Brickwork downgrades secured NCD ratings

Reuters Mumbai | Updated on April 12, 2019 Published on April 12, 2019

DHFL stocks were down 30.7 per cent this year as of the last close. File photo

Shares of mortgage lender Dewan Housing Finance Corporation Ltd (DHFL) are down as much as 3.2 per cent to Rs 167.15, their biggest percentage loss since April 9.

Brickwork Ratings downgrades co's secured NCD, subordinated debt to 'BWR AA', credit watch with negative implications on Thursday.

Brickwork Ratings cites limited progress in building up of liquidity, selling/exiting riskier construction finance loans.

About three million shares change hands compared with the 30-day average of around 23 million shares.

The stocks were down 30.7 per cent this year as of the last close.

Published on April 12, 2019
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