Debt-laden telecom operator Rcom reported a consolidated loss of Rs2.709 crore in the second quarter
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.