 "Anil Ambani")
Shares of Reliance Communications were trading flat ahead of the Chairman Anil Ambani's address to media later in the day as the company deals with plunging profits, heavy debt, meltdown in stock and sell-off in bonds.
At 12:30 pm, the stock was trading at Rs 20, down 0.2% on the BSE.
The stock has fallen 20% by Thursday's closing since the company reported loss of Rs 948 crore for the fourth quarter, hurt by intense price war unleashed by newcomer Reliance Jio. It had registered net profit of Rs 79 crore in the corresponding quarter of the previous fiscal year.
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