When Bond yields rise, Private NBFC housing finance companies borrow short term commercial papers at higher rate of interest and lending it longer tenure is almost remind me of the subprime crisis,

The 2008 crisis has reminded some of the large equity holders to dump DHFL when it was learnt they recently bought commercial papers at 11% which was relayed to IndiaBulls housing. Ind due course the overvalued stocks deserved the correction. DHFL was available at Price / Book : 1,  Book value 274 and low was  around 276 which was a serious buy. As Warren buffet said, one shoukd have the courage to buy during the crash. Those who bought around 280 levels are the kings of values, and those who sold at 610 levels are too.