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DHFL Surges 7% After NHB Finds No Major Deviation In Its Books

Roshni Agarwal

In intra-day trade on Thursday, the shares of Dewan Housing Finance Ltd. (DHFL) trade higher after reports suggest that National Housing Bank or NHB last week completed the inspection of DHFL's book and discovered no major deviation.

On the NSE, the stock of DHFL surged as much as 6.79% to record an intra-day high of Rs. 136.70.

As per news reports, all of the books of the company's offices in New Delhi, Mumbai and Nagpur have been verified by the four-committee members of the NHB.

Earlier on allegations that the housing finance company has siphoned off about Rs. 31,000 crore, by the news portal Cobrapost, the stock of DHFL lost close to 50% in value, in a month's time.

Also, last week a Mumbai-based Chartered Accountancy firm TP Ostwal clarified in its report that DHFL did not promote any shell companies.

At 11:15 am, the DHFL stock was quoting higher by 3.13% or Rs. 4 at Rs. 131.90

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