Reliance Infra tanks 25% in two days ahead of Q4 results; hits 15-yr low

Thus far in the calendar year 2019, the stock has tanked 77 per cent against 10 per cent rise in the S&P BSE Sensex.

Reliance Infrastructure shares on Friday slumped to a 15-year low of Rs 73, down 14 per cent in intra-day on BSE, and 25 per cent in the past two trading days ahead of March quarter earnings to be announced later in the day.

The stock hit a record low of Rs 35 on April 1990. The counter has seen huge trading volumes with a combined 24 million shares changed hands on the counter on the NSE and BSE till 01:19 pm.

“Due to postponement of board meeting of the Reliance Power, our Associate Company, to Friday, June 7,