DHFL hit lowest level since May 2014; stock tanks 30% in four days

The stock declined 14% at Rs 139, to touch its lowest level since May 16, 2014, on the BSE.

Shares of Dewan Housing Finance Corporation (DHFL) hit an over four-year low of Rs 139 apiece, down 14 per cent in the early morning trade on Thursday, on a media report that suggested that the ministry of corporate affairs will probe allegations against the housing finance company. The stock was trading at its lowest level since May 16, 2014.

In the past four trading days, the stock of DHFL tanked 33 per cent from the level of Rs 209 on the BSE, as compared to a 1 per cent decline in the S&P BSE Sensex. The market capitalisation of