DHFL hits 5% upper circuit for third straight day; stock nears 52-week high

According to report, Adani Group has offered to further enhance its bid for the DHFL and has shown interest in bidding for the entire portfolio of the bankrupt company

Shares of Dewan Housing Finance Corporation Limited (DHFL) were locked in the 5 per cent upper circuit for the third straight day, at Rs 20.30, on the BSE on Thursday on report that Adani group has offered a higher price for the company's assets.

In the past one month, stock of the housing finance company has gained 46 per cent as against a 9 per cent-rise in the S&P BSE Sensex. It was quoting close to its 52-week high level of Rs 23.30 touched on November 25, 2019. The stock had hit a record high of Rs 680 in September 2018