02 Feb, 2012
Reliance Comm stock nosedives despite no inviolvement in today's SC judgement
It has proved to be a shocking day for 11 telecom companies, who's 2G licences issued during A Raja's tenure have been cancelled by the Supreme Court. Company stocks saw a drastic fall today post the verdict. However, though none of Reliance Communication's licences have been cancelled, its stock nosedived to an intraday low of Rs 91.05 a share post the judgement.
Source: BloombergUTV.com
Company:
REL COM LTD