NBFC stocks: Catching the falling knife could be tricky amid fresh concerns

Stocks of non-banking lenders came under pressure on Tuesday as concerns on liquidity resurfaced

Hamsini Karthik
Last Updated at April 30, 2019 23:31 IST

Illustration by Ajay Mohanty

The latest candidate in the rating downgrade cycle — PNB Housing — saw its stock price fall over 8 per cent. Not just that, it took a whole bunch of its peers down, with stocks of non-banking financial companies (NBFC) — Indiabulls Housing, Dewan Housing, L&T Finance, Shriram Transport, M&M Finance and Repco Home Finance — falling 3-8 per cent.

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