NBFC, housing fin stocks end mixed

Shares of NBFC and housing finance companies depicted a mixed trend Wednesday amid a weak broader market.

Liquidity concerns in the NBFC space has hit investor sentiment of late, with shares of some of these companies tumbling sharply.

Shares of Integrated Financial Services plunged 4.98 per cent, Motilal Oswal Financial Services lost 3.50 per cent and SREI Infrastructure Finance declined 0.99 per cent on BSE.

On the other hand, Shriram City Union Finance rose by 2.93 per cent, Muthoot Capital Services 2.74 per cent, Mahindra & Mahindra Financial Services 1.65 per cent and Manappuram Finance 1.40 per cent.

Shares of PNB Housing Finance plunged 5.27 per cent, Can Fin Homes 2.03 per cent and LIC Housing Finance dipped 0.84 per cent.

In contrast, Reliance Home Finance soared 8.59 per cent, DHFL gained 1.43 per cent and GIC Housing Finance rose by 1.03 per cent.

"Worries over liquidity issues in NBFC space demoralised investors in domestic markets," said Vinod Nair, Head of Research, Geojit Financial Services Ltd.

Shares of housing finance and NBFC companies had fallen as much as 23.5 per cent Tuesday, led by DHFL, on fears of liquidity crisis.

These stocks fell in Monday's trading session as well.

The BSE Sensex tumbled 109.79 points or 0.30 per cent to end at 36,542.27 Wednesday.