NBFCs under pressure; Repco Home, DHFL, Indiabulls Housing down over 5%

Repco Home Finance, DHFL, Indiabulls Housing Finance and Edelweiss Financial Services were down more than 5% on the BSE.

Shares of non-banking financial companies (NBFCs) mainly housing finance companies (HFCs) were under pressure with Repco Home Finance, Dewan Housing Finance Corporation (DHFL), Indiabulls Housing Finance and Edelweiss Financial Services falling more than 5% on the BSE in an otherwise firm market.

Can Fin Homes, PNB Housing Finance, Cholamandalam Investment and Finance Company, Mahindra & Mahindra Financial Services, Shriram Transport Finance Company, Ujjivan Financial Services, Reliance Capital and Centrum Capital were down in the range of 2% to 4%. On comparison, the S&P BSE Sensex was up 0.68% or 241 points at 35,403 at 09:54 am.

NBFC’s have