ADAG stocks under pressure; Reliance Naval, RCom down over 15%

Reliance Naval has tanked 18% to Rs 22, also its record low on the BSE, as the company's standalone net loss widen to Rs 4,086 million in Q4FY18 from Rs 1,399 million in year ago quarter

Shares of Anil Dhirubhai Ambani Group (ADAG) companies were under pressure with Reliance Naval and Engineering and Reliance Communications (RCom) plunged by more than 15% in intra-day trade on Tuesday in otherwise firm market.

Reliance Power, Reliance Infrastructure and Reliance Capital were down 2% to 5% on the BSE. In comparison, the S&P BSE Sensex was up 0.46% at 34,609 points at 02:06 pm.

Reliance Naval and Engineering has tanked 18% to Rs 22, also its record low on the BSE, as the company’s standalone net loss widen at Rs 4,086 million for the quarter ended March 31,