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Dewan Housing Finance shares erased their early gains and tumbled 23 per cent due to profit-booking as fears of a liquidity crisis continued to haunt the sentiment.
Despite opening strong, the company shares plunged 22.30 per cent to Rs 305.35 on the BSE. On the NSE, the shares tanked 23.22 per cent to Rs 302.40.
DHFL shares had ended nearly 12 per cent higher on Monday after a massive selling spree on fears of a liquidity crisis on Friday. It had asserted that it has not defaulted on any financial obligation 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 had said.
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