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")
premium
A taxi drives past a Reliance Communications Ltd, controlled by billionaire Anil Ambani, office building in Kolkata. Photo: Reuters
Shares of Reliance 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 BSE. 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 BSE and over 40 million shares changed hands on the NSE during the day.