DHFL stock declines 20% over HDIL and crisis-hit PMC Bank concerns

DHFL said it has no exposure to HDIL and PMC, and cautioned against misleading reports that can trigger panic

Dewan Housing Finance Corporation Limited (DHFL) shares plummeted 20 per cent on Tuesday amid concerns over its possible exposure to HDIL and Punjab & Maharashtra Co-operative Bank.

The scrip tanked 19.90 per cent to close at Rs 31-- its lower circuit and 52-week low -- on the BSE.

On the NSE, the scrip nosedived 20 per cent to Rs 31 -- its lower price band and one-year low.

Debt-laden housing financier DHFL on Tuesday said it has no exposure to HDIL and Punjab & Maharashtra Co-operative Bank (PMC), and cautioned against misleading reports that can trigger panic.

There have been speculations or rumour mongering