Most shares of the Reliance ADAG
tumbled heavily in the late afternoon trade on Wednesday. It includes Reliance
Power, Reliance Communications, Reliance Infrastructure, Reliance Naval & Engg,
Reliance Nippon Life Asset Management and Reliance Capital.
Shares of Reliance Communications (RCom)
are on a continuous fall from last week. The company posted a net loss for the 4th
straight quarter. Last week, Saturday, RCom had reported a consolidated net
loss of Rs 2,709 cr for the July-Sept period against a profit of Rs 62 crore in
the corresponding quarter a year ago.
In the meantime, an added update, the
NCLAT on Wednesday issued a notice to RCom over a petition filed by Manipal
Technologies Limited seeking its due.
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