Indiabulls Housing Finance stock hit by contagion: Ashwini Kumar Hooda

We have never dealt with IL&FS, says Hooda

Ashwini Kumar Hooda, deputy managing director, Indiabulls Housing Finance Ltd (IBHFL), tells Advait Rao Palepu that rumours of regulatory changes for housing finance companies (HFCs) are unfounded and amount to fear-mongering, adding that the main reason for the nervousness was the contagion emanating from other firms, and that the beating of IBHFL's stock on Friday was because stock prices of other HFCs fell substantially. Edited excerpts:

Why have housing finance stocks come under selling pressure? 

It is difficult to say why, but there is contagion from another housing finance stock whose paper was sold at a higher yield. But that itself should