For Quick Alerts
For Daily Alerts

DHFL Stock Rises Amid CRISIL Downgrade On Its Commercial Papers


The stock of DHFL has shrugged off the impact of CRISIL downgrading of its commercial papers from A3+ to A4+ as concerns loom of increased reduction in liquidity with the housing finance arm. The rating implies 'Rating Watch with Negative Implications'. The stock in comparison to an intra-day low of Rs. 106 has scaled back and recovered almost 11%.

DHFL Stock Rises Amid CRISIL Downgrade On Its Commercial Papers

In a rating rationale, the credit rating agency firm said that liquidity situation is feared as fundraising is being delayed from sell down of project finance loans and lower inflows from the securitisation of non-housing loans.

CRISIL also highlighted that the firm did not take to the securitisation of readily available housing loans to boost up the liquidity levels. Also, it noted higher-than-scheduled liability repayments.

The stock over the last month has fallen aggressively by as much as 33% and was last seen trading at Rs. 116.25, up 4.78%.

Read more about: dhfl crisil commercial paper
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X