ADAG Group stocks : RCom down 15%, Reliance Nippon falls below issue price

RCom, Reliance Home Finance, Reliance Nippon Life, Reliance Capital, Reliance Infra, Reliance Naval and Reliance Power were down in the range of 8% to 11%.

Shares of Anil Ambani-controlled Reliance Group companies (ADAG) remained under pressure by falling up to 15% on the BSE in intra-day trade.

Reliance Communications (RCom), Reliance Home Finance, Reliance Nippon Life Asset Management, Reliance Capital, Reliance Infrastructure,  Reliance Naval and Engineering and Reliance Power were down in the range of 8% to 15% on the BSE. At 02:22 PM; the S&P BSE Sensex was down 0.63% at 32,734 points.

RCom touched a new low of Rs 9.75, down 15% on the BSE. In the past three trading sessions, the stock tumbled 30% after the company posted a consolidated