On Friday, 29 November 2019, RBI filed an application for initiation of corporate insolvency resolution process against DHFL under Section 227 of the Insolvency and Bankruptcy Code, 2016. DHFL will be the first NBFC to go through National Company Law Tribunal (NCLT) debt resolution.

The DHFL stock has tanked 58.61% in the past three months as it continue to default in various payment obligations.

On consolidated basis, DHFL reported a net loss of Rs 242.48 crore in Q1 June 2019 as against a net profit of Rs 431.71 in Q1 June 2018. Net sales dropped 24.1% to Rs 2399.84 crore on YoY basis.

Meanwhile, the S&P BSE Sensex closed 0.02% higher at 40,802.17.

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Dewan Housing Finance Corporation will hold a meeting of the Board of Directors of the Company on 25 November 2019.

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Hindustan Copper Ltd, Edelweiss Financial Services Ltd, Piramal Enterprises Ltd and Vakrangee Ltd are among the other losers in the BSE's 'A' group today, 09 October 2019.

Dewan Housing Finance Corporation Ltd tumbled 9.86% to Rs 26.05 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 11.58 lakh shares were traded on the counter so far as against the average daily volumes of 24.35 lakh shares in the past one month.

Hindustan Copper Ltd lost 8.83% to Rs 28.9. The stock was the second biggest loser in 'A' group.On the BSE, 2.71 lakh shares were traded on the counter so far as against the average daily volumes of 1.95 lakh shares in the past one month.

Edelweiss Financial Services Ltd crashed 7.45% to Rs 72.65. The stock was the third biggest loser in 'A' group.On the BSE, 3.67 lakh shares were traded on the counter so far as against the average daily volumes of 4.8 lakh shares in the past one month.

Piramal Enterprises Ltd fell 7.01% to Rs 1373.55. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.1 lakh shares were traded on the counter so far as against the average daily volumes of 83598 shares in the past one month.

Vakrangee Ltd dropped 6.91% to Rs 26.25. The stock was the fifth biggest loser in 'A' group.On the BSE, 11.83 lakh shares were traded on the counter so far as against the average daily volumes of 6.51 lakh shares in the past one month.

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Dewan Housing Finance Corporation will hold a meeting of the Board of Directors of the Company on 17 October 2019.

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