/ RCom Move Southwards Owing To Overseas Debt Worry ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 23 May 2017

The Reliance Communications is the top loser after Adani Enterprises in the BSE Mid-cap index. The stock has slipped taking cues from the company’s price fall in overseas bond.

The worries over company’s dollar-denominated debt have risen in the markets. The leading business daily has reported that the company do not have enough foreign exchange revenue to mitigate the risks arising from the currency fluctuations.

As reported by the leading business daily, the company has around USD 1 billion dollar-denominated debt due for maturity in March 2018.

The stock has touched its fresh 52-week low of Rs 27.25 per share. It is moving downwards with the huge trading volume of 1,37,45,611 shares as of 1043 hours on NSE.

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