ADAG shares tank; Reliance Infra plunges 40% in 7 days ahead of Q4 results

Reliance Infrastructure, Reliance Capital, Reliance Home Finance, Reliance Power, Reliance Naval and Engineering, and Reliance Communications plunged between 21 to 40 % in the past seven trading days

Shares of Reliance-Anil Dhirubhai Ambani Group (ADAG) companies continued to reel under pressure on Friday, falling by up to 40 per cent in the past seven trading sessions on the back of negative newsflow.

Reliance Infrastructure (RInfra), Reliance Capital (RCap), Reliance Home Finance (RHFL), Reliance Power (RPower), Reliance Naval and Engineering, and Reliance Communications plunged between 21 to 40 per cent in the past seven trading days on the BSE. In comparison, the benchmark S&P BSE Sensex slipped 1 per cent during the same period.

On June 11, RCap and its subsidiary RHFL informed the stock exchanges that their auditor,