DHFL scrip bounce back, up 4 per cent

DHFL scrip bounce back, up 4 per cent
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Highlights

Shares of DHFL rebounded on Tuesday after suffering a massive selloff in the previous day

New Delhi: Shares of DHFL rebounded on Tuesday after suffering a massive selloff in the previous day, and surged over 4 per cent after the company said it was working with stakeholders and creditors to ensure resolution of liquidity issues, without any haircut to the lenders.

The scrip gained 4.12 per cent to close at Rs 50.50 on the BSE. During the day, it jumped 6.80 per cent to Rs 51.80. On the NSE, shares climbed 4.22 per cent to close at Rs 50.55.

In terms of traded volume, 56.17 lakh shares were traded on the BSE and over seven crore shares changed hand on the NSE during the day.

Dewan Housing Finance Corporation Limited (DHFL) stock had plummeted nearly 30 per cent on Monday after the company posted biggest ever quarterly loss of Rs 2,224 crore for the fourth quarter ended March 31.

"We are closely working with the stakeholders/creditors to ensure that there is a comprehensive resolution, without any haircut to the lenders, as has been speculated by few sections of the media," DHFL said in a regulatory filing on Monday.

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