Financials stocks were trading in red, with the S&P BSE Finance index decreasing 33.57 points or 0.44% at 7643.47 at 13:48 IST. Among the components of the S&P BSE Finance index, Dewan Housing Finance Corporation Ltd (down 4.84%), Muthoot Finance Ltd (down 2.35%),Bajaj Finance Ltd (down 2.06%),Equitas Holdings Ltd (down 2%),Shriram Transport Finance Company Ltd (down 1.71%), were the top losers. Among the other losers were Manappuram Finance Ltd (down 1.68%), Repco Home Finance Ltd (down 1.66%), CSB Bank Ltd (down 1.66%), BF Investment Ltd (down 1.61%), and Muthoot Capital Services Ltd (down 1.5%). On the other hand, Indian Overseas Bank (up 10%), Bank of Maharashtra (up 9.82%), and Bank of India (up 7.41%) turned up.
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NEW DELHI: S&P BSE SmallCap index was trading on a positive note at 02:50PM (IST) on Monday. Shares of BEML (up 20.0 per cent), Saregama India (up 20.0 per cent), Subex (up 19.97 per cent), MEP (up 19.89 per cent) and Universal Cables (up 17.41 per cent) were among the top gainers. While MJCO (down 4.99 per cent), Gabriel India (down 4.95 per cent), Dewan Housing Finance Corporation (down 4.84 per cent), Indiabulls Real Estate (down 4.17 per cent) and Brightcom Group (down 3.98 per cent) were the top losers in the index. The S&P BSE SmallCap index was trading 1.0 per cent up at 21144.45 around 02:50PM.
Read more about Financials shares ease on Business Standard. Financials stocks were trading with losses, with the S&P BSE Finance index falling 106.67 points or 1.37% at 7685.04 at 13:48 IST.
Financials stocks were trading with gains, with the S&P BSE Finance index rising 146.64 points or 1.94% at 7703.16 at 09:48 IST. Among the components of the S&P BSE Finance index, Religare Enterprises Ltd (up 7.34%), South Indian Bank Ltd (up 6.1%),Satin Creditcare Network Ltd (up 5.51%),Dewan Housing Finance Corporation Ltd (up 4.8%),Cholamandalam Investment & Finance Company Ltd (up 4.74%), were the top gainers. Among the other gainers were Magma Fincorp Ltd (up 4.24%), MAS Financial Services Ltd (up 3.82%), General Insurance Corporation of India (up 3.62%), Shriram Transport Finance Company Ltd (up 3.4%), and IIFL Securities Ltd (up 3.31%). On the other hand, Dolat Investments Ltd (down 3.24%), Spandana Sphoorty Financial Ltd (down 2.87%), and Bank of Maharashtra (down 2.7%) moved lower.
Dewan Housing share rises 5% as lender files resolution application with NCLT
Although the stock price has risen over 4.5% in the last week, it has fallen 23% in one month, 33% since the beginning of the year
BusinessToday.In | February 26, 2021 | Updated 14:25 IST
The stock of the housing finance company has risen 15.45% in the last 3 days
Share price of debt-ridden mortgage lender Dewan Housing Finance Corporation Ltd (DHFL) hit a 5% upper circuit on Friday. The stock rose after the lender said it has received no objection from the Reserve Bank and has filed an application for submission of resolution plan of Piramal Capital & Housing Finance Ltd (PCHFL) with the National Company Law Tribunal.