DHFL freezes at 5% lower circuit for second straight day on profit booking

Shares of Dewan Housing Finance Corporation (DHFL) were locked in the lower circuit for second straight day, down 5 per cent at Rs 37.70, on the BSE on Tuesday amid profit booking after media reports suggested that the US-based asset management firm Oaktree Capital has emerged as the highest bidder in a revised round of bidding for the troubled mortgage lender.

The stock is now down 14 per cent from its 52-week high level of Rs 43 touched in Monday's intra-day trade. Prior to that, market price of DHFL had more-than-doubled and had zoomed 155 per cent from a level of