DHFL tanks 15% after rating downgrade; what should investors do?

Dewan Housing Finance Corporation shares fell 15 percent intraday to hit five-and-half-year low on June 6 as rating agencies downgraded rating on commercial paper after the company defaulted on debt repayment.

The stock dropped into double-digit levels for the first time since February 4, 2019 and hit an #intraday low of Rs 94.90, the lowest level since December 2013.

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Posted in: Indian Market Tips