Published on 6/12/2017 12:10:35 PM | Source: Dion Global Solutions Ltd

RCOM extends loss for fourth session

Posted in | #Telecom Sector #Reliance Communications Ltd #Stock On The Move


Shares of cash-crunch Reliance Communications (RCOM) continued losing streak for the fourth straight session on Wednesday and fell 3 per cent on the Bombay Stock Exchange amid persistent concerns over insolvency preceding against Anil Ambani’s company at the National Company Law Tribunal (NCLT) as it failed to clear its dues. Extending previous session losses, shares of company declined as much 3.00 per cent to touch an intra-day low of Rs 10.98 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the company were trading 2.65 per cent lower at Rs 11.05 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 32,643.89, down 158.55 points, or 0.48 per cent, at 11:48 hours.