ADAG shares hit 52-week lows; RCom falls 14%

Reliance Naval, Reliance Nippon Life, Reliance Home Finance, Reliance Capital, Reliance Power and Reliance Infra were down in the range of 2% to 6%, trading at their respective 52-week lows on the BSE

Shares of Anil Dhirubhai Ambani Group (ADAG) companies were trading lower for the second straight day with Reliance Communications (RCom) falling 14% in intra-day trade on Wednesday after bankruptcy court admits Ericsson's plea against the company.

Besides, RCom, Reliance Naval and Engineering, Reliance Nippon Life Asset Management, Reliance Home Finance, Reliance Capital, Reliance Power and Reliance Infrastructure were down in the range of 2% to 6% on the BSE.  All these stocks were trading at their respective 52-week lows.

According to Reuters report, Ericsson, which signed a seven-year deal in 2014 to operate and manage Reliance Communications' nationwide