NBFC stocks continue to fall, DHFL down 23 pct

Shares of housing finance and NBFC companies continued to remain weak Tuesday, falling as much as 23.5 percent, led by DHFL, on fears of a liquidity crisis.

Shares of Dewan Housing Finance Corporation cracked 23.49 percent, Can Fin Homes tanked 6.51 percent, Indiabulls Housing Finance 4.93 percent, GIC Housing Finance 4.50 percent, Gruh Finance 3.37 percent, PNB Housing Finance 2.33 percent and Muthoot Finance 0.90 percent on BSE.

These stocks fell in the previous trading session also.

Analysts said Friday, shares of housing finance companies nosedived on rumors of liquidity crunch, while the scrip of DHFL plunged over 40 percent.

The scrip of Dewan Housing Finance Corporation Friday went into a tailspin, nosediving 42.43 percent to end at Rs 351.55 on the BSE. Intra-day, it cracked 59.67 percent to Rs 246.25 -- its 52-week low.

Shares of DHFL had bounced back sharply Monday and ended nearly 12 percent higher after a massive selling spree on fears of a liquidity crisis Friday.

The 30-share BSE Sensex Friday suddenly tanked 1,127.58 points, or 3.03 percent, to hit a low of 35,993.64 in afternoon trade before staging an equally sharp recovery within minutes.