Let's clear air Monday morning will decide way for NBFC remember 2008 in us Lahmen faced same issues and whole market crashed Don't take any stand at least for a week
85. PearlRohit| Link| Bookmark|
September 22, 2018 12:37:57 PM
Top Contributor (200+ Posts, 100+ Likes)
AAVAS FINANCIERS LIMITED - RS. 200 ME DETE HE TO APPLY KARUNGA. YE TO GAYA..
Total sannnnaaaata In grey market No one even want to talk about any of IPOs big traders not receive phone calls If you are 200% sure then only subscribe Don't expect anything on listing
*Why are NBFCs selling off?*: (1) There is news that DHFL bond has sold for a high implied yield to maturity of ~11%. (2) This has made stock investors of DHFL worried about DHFL's liqudity and sold off the stock. (3) Other HFCs have sold off in sympathy with DHFL. Other non-HFC NBFCs have joined in the sell off. (4) DHFL management has confirmed on air that they have not faulted and there is no liquidity crisis at DHFL. (5) It is possible that the entity which sold DHFL paper did so because it was not satisfied with this exposure and wanted to sell anything of slightly questionable creditworthiness. *This is an example of risk aversion after the unfolding of the IL&FS saga even though entities being sold off have no direct exposure to IL&FS.* (6) DHFL and IBHF have both confirmed on air they do not have any exposure to IL&FS. Send as received
GMP down day by day Yes bank down 20% today Hdfc AMC down 20 % from high IRcon oversubscribed 10x but no GMP Be very careful before subscribe AAVAS every chance of flat listing
@ankur I think it was a auto trade Dsp br mutual fund has sold cp(commercial paper) of dhfl for redumption @11% yeald and cascading effect drive heavy selling triggered Stoploss triggered follow So bonds and cp will down further Stay away from NBFC & BANK for Short term
RBI NOTE TO BANKS ON CORPORATE GOVERNANCE ISSUE REGARDING BONDS ISSUED BY HOUSING COMPANIES LIKE DHFL AND INDIBULLS HOUSING HAS PUT PRESSURE ON MARKET WIPING OUT ALL GAINS AND LEADING TO SUDDEN FRESH BREAKOUT ON DOWNSIDE.