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.


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