The pressure on NBFCs and financial lenders continues in the market, as Dewan Housing Finance again fell sharply despite company reassureances, and Indiabulls Housing Finance also took a big hit, falling more than 15% in share price. Both these stocks top the volume shockers screener. Indiabulls Housing Finance (which is in 13 stock screeners, including the increased promoter pledges screener) has a low trendlyne durability score, but had been an investor's darling through much of 2017.
The concern has been gripping markets even as regulators have said that they are looking to prevent the impact of IL&FS debt from hitting other players and businesses.