DHFL and other finance companies under pressure

Mumbai: While DHFL stock was down 42%, other finance companies such as Bajaj Finance, Bajaj Finserv and Shriram Transport Finance Corporation are also under pressure.

Selling of commercial papers worth about Rs 200-300 crore by DSP Mutual Fund recently, liquidity crunch and hardening bond yield, and interest payment default by big company like IL&FS to bondholders created panic selling in the stock.

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