Announced Thu, 27 Aug · 16:00 IST
NHB classifies company's account as Fraud
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹4.99
prior close
₹5.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0-2.0-0.6-0.8-0.8-0.8-0.8+3.0+4.8-8.8———
Up moveDown movePending
AI summary
Star Housing Finance has received an order from the National Housing Bank classifying the company's account as Fraud. This follows a Forensic Audit conducted by auditors appointed by NHB. The management is reviewing the order and determining the appropriate course of action.
Likely market impact
Negative signal. Fraud classification may restrict lending operations, raise funding costs, and weigh on the stock price.