RCom Shares Plunge Nearly 5% As Anil Ambani Firm Stock Pares Gains After 65% Jump In 3 days

Shares of Anil Dhirubhai Ambani Group’s telecom company RCom pared gains on Friday after spiking as much as 65% in last three days until Thursday. Shares of Reliance Communications opened 2.39% higher at Rs 18.4 from its yesterday’s closing price of Rs 17.97 but within a 30-minute of trade, the stock of Reliance Communications started to fell. In the early afternoon trades, Reliance Communications shares slipped 4.73% to hit a day’s low of Rs 17.12 on BSE while the stock tumbled to day’s low of Rs 17.1 on National Stock Exchange. Shares of Anil Ambani’s debt-laden telecom company Reliance Communications have zoomed as much as 65% in just three days on news that Mukesh Ambani’s Reliance Jio may acquire its assets. The stock of Reliance Communications rose massively for the last three consecutive days with most of the gains booked on Wednesday’s trade. For Any More Information Please Visit : www.paceresearchindia.com and Call : 8817774774