RCOM PLUNGES 7% ON MOUNTING DEBT WOES, Q4 LOSS
Shares of telecom major Reliance Communications on Monday dropped for eighth time in the past 10 sessions after the firm on Saturday
reported Rs 948 crore loss for the fourth quarter due to intense price war unleashed by Reliance Jio.
Following the results, the stock fell 6.97 per cent to hit a low of Rs 24 on BSE.
Sun Pharma Hits 44-month Low, Down 24% In 7 Sessions
Shares of Sun Pharmaceutical BSE -12.43 % cracked nearly 13 per cent in Monday’s trade to take its losing streak to straight seventh session, following the company’s conservative guidance for FY18.
The stock fell 12.84 per cent to hit a 44-month low of Rs 495.55 on BSE. In five sessions to Monday, the stock has plunged over 24 per cent on weaker-than-expected fourth quarter results.
Shares of telecom major Reliance Communications on Monday dropped for eighth time in the past 10 sessions after the firm on Saturdayreported Rs 948 crore loss for the fourth quarter due to intense price war unleashed by Reliance Jio.
Following the results, the stock fell 6.97 per cent to hit a low of Rs 24 on BSE.
Sun Pharma Hits 44-month Low, Down 24% In 7 Sessions
Shares of Sun Pharmaceutical BSE -12.43 % cracked nearly 13 per cent in Monday’s trade to take its losing streak to straight seventh session, following the company’s conservative guidance for FY18.
The stock fell 12.84 per cent to hit a 44-month low of Rs 495.55 on BSE. In five sessions to Monday, the stock has plunged over 24 per cent on weaker-than-expected fourth quarter results.
For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
No comments:
Post a Comment