 "DHFL")
Shares of Dewan Housing Finance Limited (DHFL) slumped 3 per cent to Rs 167 on the BSE on Friday in intra-day trade after rating agency Brickwork downgraded ratings on the company's NCDs and subordinated debt instrument.
The downgrade is on account of limited progress in building up liquidity, selling/ exiting riskier construction finance loans, DHFL said in a regulatory filing on Thursday after market hours.
In the past two months, the stock has rallied 65 per cent from Rs 105 on February 11, as compared to a 6 per cent rise in the S&P BSE Sensex till Thursday.
During the
