Although the stock price has risen over 4.5% in the last week, it has fallen 23% in one month, 33% since the beginning of the year

Stock Market News Updates Today: Sectorally, all the other indices were trading with major losses. PSU Bank, private and financial indices declined around 4-5% today

DHFL stock rose 4.99% to Rs 18.95 on BSE. Market cap of the firm stood at Rs 594 crore. DHFL share has gained 32.98% in the last 6 days

Stock Market News Updates Today: Bajaj Finserv, IndusInd Bank, RIL, Kotak Bank were among the top gainers today, while NTPC, PowerGrid, Asian Paints, ICICI Bank, Tata Motors were among the top losers

Billionaire Ajay Piramal's Piramal Group has emerged as the preferred bidder for debt-laden mortgage lender DHFL

Dewan Housing Finance Corp share rose 4.96% to Rs 27.50 against previous close of Rs 26.20 on BSE

DHFL was the first finance company to be referred to NCLT for insolvency proceedings. Before that, the company's board was superseded and R Subramaniakumar was appointed as the administrator

Stocks to watch today on December 31: YES Bank, Vedanta, Indian Overseas Bank, Union Bank, Adani Green, RITES, Fortis Healthcare among others are the top stocks to watch out for in Thursday's trading session

The stock that crashed to a low of Rs 8.40 in April this year has now gained a whopping 285 per cent in just nine months to touch Rs 32 per share

India Stock Market Highlights Today: In today's session, Sensex hit an all-time high of 47,026 and Nifty logged a lifetime high of 13,772.

In the past, Piramal's big strategic moves like Shriram Group stake and merger proposal with IL& FS and IDFC Bank didn't reach logical conclusion

Stocks to watch today on December 3: Wipro, Trident, Airtel, M&M, Ceat, MCX, Sun Pharma among others are the top stocks to watch out for in Thursday's trading session

Large industrial houses like Aditya Birla group, Bajaj group, Mahindra and Mahindra, and Tata Sons already have large NBFCs with more than a decade of operations. In fact, these NBFCs are bigger than many mid-sized banks in the country

Stocks to watch today on November 19: Pfizer, ACC, Wipro, Vedanta, IndiGo, SpiceJet, TCS among others are the top stocks to watch out for in Thursday's trading session

Stocks to watch today on September 21: Route Mobile, RITES, DHFL, Future Enterprises, HCL Tech, Ajanta Pharma among others are the top stocks to watch out for in Monday's trading session.

Share price of Dewan Housing gained nearly 5% to Rs 15.74 against previous close of Rs 15 on BSE

India Stock Market Highlights: Kotak Bank, followed by Asian Paints, HDFC duo, Tata Steel, IndusInd Bank, ICICI Bank and SBI were among the top gainers in the Sensex pack. On the other hand, HCL Tech, Tech Mahindra, PowerGrid, Titan, Infosys and TCS were among the laggards

Stocks to watch today on August 24: Oil India, ICICI Lombard, Indiabulls Housing, Godfrey Phillips, Union Bank among others are the top stocks to watch out for in Monday's trading session.

That shadow banking was at the core of the financial sector meltdown that led to the Great Recession of 2007-08 is well documented and so is the fact that it remains big and powerful enough to cause serious financial crisis and yet, India and the US continue to promote it

RBI has warned that economic disruptions may intensify systemic risks to India's financial sector primarily because NBFCs remain vulnerable with their deteriorating asset quality and reluctance of the market to lend them money. On the global front, there is little to cheer about shadow banking