ADAG stocks trade lower; Reliance Capital tanks 8%

Shares of RCom are trading at 52-week low on the BSE after lenders sold 120mn pledged shares that accounted for 4.34% stake of promoters in the telecom firm.

Mar 14, 2019 09:03 IST India Infoline News Service

Stock Market Down, Sensex Down

Stocks of the Anil Dhirubhai Ambani Group (ADAG) declined in the afternoon trade on Thursday. Shares of RCom are trading at 52-week low on the BSE after lenders sold 120mn pledged shares that accounted for 4.34% stake of promoters in the telecom firm.

Shares of Reliance Infrastructure slipped 4%. The company has signed Definitive Binding Agreement with Cube Highways and Infrastructure III Pte Ltd for the sale of its 100% stake in Delhi-Agra (DA) Toll Road Private Limited. The total deal enterprise value is over Rs3,600cr.

Also, RInfra, Reliance Home Finance, Reliance Nippon, Reliance Capital, and Reliance Naval fell in the range of 3-8% respectively.

Meanwhile, the Sensex was up 9 points at 37,761, while the Nifty was marginally up at 11,342.

Stock view:
Reliance Communications Ltd is currently trading at Rs4.69 down by Rs0.22 or 4.48% from its previous closing of Rs4.91 on the BSE.

Reliance Capital Ltd is currently trading at Rs171.40 down by Rs16.55 or 8.81% from its previous closing of Rs187.95 on the BSE.

Reliance Naval & Engineering Ltd is currently trading at Rs10.26 down by Rs0.37 or 3.48% from its previous closing of Rs10.63 on the BSE.

Reliance Infrastructure Ltd is currently trading at Rs124.30 down by Rs5.25 or 4.05% from its previous closing of Rs129.55 on the BSE.

Reliance Power Ltd is currently trading at Rs10.77 down by Rs0.75 or 6.51% from its previous closing of Rs11.52 on the BSE.

Reliance Nippon Life Asset Management Ltd is currently trading at Rs191.70 down by Rs9.55 or 4.75% from its previous closing of Rs201.25 on the BSE.

Reliance Home Finance Ltd is currently trading at Rs27.40 down by Rs0.9 or 3.18% from its previous closing of Rs28.30 on the BSE.

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