New Delhi, Nov 15 (PTI) Shares of Reliance group of

companies, led by Reliance Communications, today 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.

The company had registered a profit of Rs 62 crore in

the same period a year ago.

This is the fourth straight quarter of loss for the


RCom, which is on the verge of shutting its voice call

service, witnessed a decline in revenue from its both India

and global operations.

This is published unedited from the PTI feed.