RCom falls for 6th-consecutive session; hits record low

Tuesday, 30 November 2010, 18:18 Hrs
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Mumbai: Reliance Communications' share fell for the sixth-straight session to hit an all-time low on BSE, shedding 3.6 percent after the Supreme Court upheld imposition of maximum penalty on the telecom giant for wrongly routing international calls through the BSNL network.

Anil Ambani-led RCom, which is already facing the allegations under the 2G spectrum row, witnessed another blow yesterday, reacting to which the firm share plunged by 3.64 percent to a new low of 123.05 in the early trade on the Bombay Stock Exchange.

The scrip is under pressure and has lost by 14.46 percent in the last five trading sessions. Similarly, RCom share at the National Stock Exchange tanked by 3.68 percent to 123.

Meanwhile, the 30-share benchmark Sensex was trading at 19,357.50, down 47.60 points from the previous close.
Source: PTI
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