DHFL tanks over 30% in four days on funds selling; stock hits two-year low

The stock hit its lowest level since June 24, 2016 at Rs 191, falling 32% in past four trading days on the NSE.

Shares of Dewan Housing Finance Corporation Limited (DHFL) has dipped 9% to Rs 191 on the National Stock Exchange (NSE) in intra-day trade, falling more than 30% in past four trading sessions on funds selling.

Since October 15, in past four trading days, DHFL tanked 32% from Rs 282, as compared 1.3% decline in the Nifty 50 index. The stock is trading at its lowest level since June 24, 2016, on the NSE.

Pension Reserves Investment Trust Fund and Jasmine Capital Investments Pte Ltd had sold a combined 13.82 million equity shares worth of Rs 3,227 million in