Live
- German economy forecast to lag eurozone growth until 2026
- CM Shinde orders stern action against hoarding of onions amid rising prices
- Protest rallies in Manipur against 'mass killing of 10 village volunteers'
- Open Network for Digital Commerce: Tirupati corporation to promote SHG groups products online marketing
- 4th T20I: India elect to bat first in series decider vs South Africa
- The Telangana Woman Sushma Thodety Shines in the UMB Pageant's ‘Mrs. India’ Competition
- Suspect arrested after firing shots near Israeli consulate in Istanbul
- IPL 2025: Pant, Iyer, Rahul, Buttler, Shami among most-priced as 571 players set for mega auction
- Delhi Mayor poll: Cross-voting shows AAP councillors’ frustration, says Congress leader Jitender Kochar
- NIA files fresh charges against Mizoram-based arms trafficker
RCom, other Reliance group stocks tumble up to 12% on heavy selling
Shares of Reliance group of companies, led by Reliance Communications, on Wednesday came under massive selling and tumbled up to 12 per cent.The scrip of Reliance Communications slumped 12.12 per cent, Reliance Capital tanked 10.21 per cent and Reliance Infrastructure plummeted 9.16 per cent on BSE.
NEW DELHI: Shares of Reliance group of companies, led by Reliance Communications, on Wednesday came under massive selling and tumbled up to 12 per cent.The scrip of Reliance Communications slumped 12.12 per cent, Reliance Capital tanked 10.21 per cent and Reliance Infrastructure plummeted 9.16 per cent on BSE.
Among others, Reliance Power dived 8.55 per cent, Reliance Naval and Engineering tumbled 8.18 per cent, Reliance Home Finance (7.09 per cent) and Reliance Nippon Life Asset Management (6.87 per cent).In intra-day trade, shares of RCom crashed 16.88 per cent to hit its 52-week low of Rs 9.60, Reliance Capital plunged 14.99 per cent to Rs 400.20.
Reliance Infra slumped 14.99 per cent to Rs 390.60 in intra-day session, Reliance Power dropped 10.23 per cent to Rs 34.65 (52-week low), Reliance Naval tanked 11 per cent to Rs 42.40 (52-week low), Reliance Home fell sharply by 12.14 per cent to Rs 62.55 (52-week low) and Reliance Nippon Life skidded 9.14 per cent to Rs 248.Debt-laden telecom operator Reliance Communications on Saturday reported a consolidated loss of Rs 2,709 crore in the second quarter to September 2017.
The company had registered a profit of Rs 62 crore in the same period a year ago.This is the fourth straight quarter of loss for the company.RCom, which is on the verge of shutting its voice call service, witnessed a decline in revenue from its both India and global operations.
