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Anil Dhirubahi Ambani Group Shares Plunge To 52-Week Lows


Shares in Anil Dhirubhai Ambani (ADAG) group companies have plunged to 52-week lows in the last two-days with Reliance Home Finance, Reliance Nippon, Reliance Capital and Reliance Communications (RCOM) all sinking lower.


Anil Dhirubahi Ambani Group Shares Plunge To 52-Week Lows
This was following Rcom's failure to pay a coupon on its 2020 dollar notes before the expiry of its grace earlier period on Monday.

This was known to be the most high-profile default on international debt since the nation's insolvency and bankruptcy code was passed in May 2016.

Reliance Capital was last seen trading at Rs 408, after dropping to a 52-week low of Rs 400 on November 15. Reliance Home Finance recovered to Rs 67.25, after hitting a 52-week low of Rs 62.25 on the NSE.

Reliance Nippon Asset management, dropped to a new 52-week low of Rs 237.50 on the NSE, before some buying interest lifted the shares to Rs 449. Volatility in these shares has increased substantially over the last few days.

Read more about: shares adag
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