DHFL turns volatile post conference call; stock rebounds 27% from day's low

The stock moved 11% higher at Rs 123, bouncing back 27% from its six-year low price of Rs 97 touched on BSE in early morning trade on Monday.

Shares of Dewan Housing Finance Corporation (DHFL) rebounded 27 per cent from its intra-day low on Monday after the management in the conference call said that the company is seeking strategic partner to bring fresh equity.

The stock has moved 11 per cent higher at Rs 123, bouncing back 27 per cent from its early morning low after the management said allegations of financial irregularities are false.

"After announcing the sale of Aadhar Housing to Blackstone, the company is also seeking to sell units including Avanse Financial and has appointed banks to identify a partner to purchase the life insurance