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ADAG stocks tumble; RInfra, RCap fall over 10%; Reliance Power tanks 20%

Reliance Power, Reliance Home Finance, Reliance Naval and Engineering and Reliance Nippon Life Asset Management were down between 7 to 20% on the BSE.

stock market

SI Reporter Mumbai
Shares of Anil Dhirubhai Ambani Group (ADAG) companies tumbled up to 20 per cent on the BSE on Tuesday after rating agencies downgraded ratings for Reliance Capital (RCap) and its subsidiaries with negative implications.

Among individual stocks, Reliance Power has slipped 20 per cent to Rs 5.93, also its new low on the BSE. Reliance Home Finance (down 18 per cent at Rs 23.10), RCap (12 per cent at Rs 128), Reliance Infrastructure (10 per cent at Rs 108), Reliance Naval and Engineering (6 per cent at Rs 8.22) and Reliance Nippon Life Asset Management (7 per cent at

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First Published: Apr 30 2019 | 10:49 AM IST

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