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RCom shares end 4% lower on further downgrade in ratings

The stock went down by 3.73% to settle at Rs 19.35 on the BSE


Reliance communication, rcom
A taxi drives past a Reliance Communications Ltd, controlled by billionaire Anil Ambani, office building in Kolkata. Photo: Reuters

Shares of Communications on Wednesday ended four per cent lower after Fitch and Moody's Investors Service further downgraded the company's credit ratings, citing a fragile liquidity position and limited ability to repay debt. The stock went down by 3.73 per cent to settle at Rs 19.35 on the  On the National Stock Exchange (NSE), shares of the company slipped 3.97 per cent to end at Rs 19.35. On the volume front, 5.45 million shares of the company were traded on the and over 40 million shares changed hands on the during the day.