RCom slips nearly 3%, Rel Cap down 3.7%

Anil Ambani Group firms Reliance Communications and Reliance Capital plummeted by as much as 3.7 per cent in early trade on the Bombay Stock Exchange today after both companies reported a dip in second quarter net profit last week.
    
Shares of telecom giant RCom slipped by 2.91 per cent to a one-month-low of Rs 165 on the Bombay Stock Exchange. On Saturday, the company had posted a nearly 40 per cent decline in consolidated net profit for the July-September quarter to Rs 445 crore, as against a net profit of Rs 740 crore in the year-ago period.
    
Similarly, shares of Reliance Capital, which reported a 28 per cent decline in net profit to Rs 112 crore for the second quarter ended September 30, slumped by 3.7 per cent to a four-week low of Rs 755 on BSE.
    
Shares of ADAG firm Reliance Infrastructure also lost 2.21 per cent to Rs 1,024.15 in morning trade, despite a 10.95 per cent growth in second quarter net profit.
    
Meanwhile, the 30-share benchmark Sensex was down by 49.92 points at 20,106.97 at 11.20am today.