NBFCs fall; DHFL, Indiabulls Housing, PNB Housing tank over 40% in a month

Indiabulls Housing, PNB Housing, IIFL Holdings, Bandhan Bank and Repco Home Finance down over 10% each today, hitting their respective 52-week lows on the BSE.

Shares of non-banking financial companies (NBFCs), including housing finance companies (HFCs) and select private banks, are trading under pressure for the second straight day.

Among stocks, Dewan Housing Finance Corporation (DHFL), Indiabulls Housing Finance and PNB Housing Finance slipped over 10% on Friday on concerns of overall credit growth due to the liquidity crisis.

In the past one month, DHFL, Indiabulls Ventures, Indiabulls Housing, PNB Housing, Repco Home Finance and Edelweiss Financial have tanked 35% to 65% as the crisis at Infrastructure Leasing & Financial Services (IL&FS) created panic and triggered a sell-off in these stocks. In comparison,