look news india
Rcom Share: The shares of companies led by Anil Ambani are again witnessing a decline. One of those shares belongs to Reliance Communications Limited. Reliance Communications shares are closed for trading from November 4. The last closing price of the company's shares is Rs 2.09. The special thing is that the company is going through bankruptcy process. According to BSE, trading in shares of many Reliance Group companies has been suspended.
Company's share position
Reliance Communications shares have fallen by 15 percent in the last one month. There has been an increase of 34 percent in six months. The stock is up 4 percent so far this year YTD. Whereas there has been an increase of 20 percent in a period of one year. It has seen an increase of 198 percent in five years. But the company's stock has suffered huge losses in the long term.
On January 11, 2008, the price of this share reached Rs 792. The stock is down 99% year to date. If seen from this perspective, if an investor had expressed confidence in this share during this period and invested Rs 1 lakh in it, then today that investment would have reduced to just Rs 252. The company's stock reached its highest level in 52 weeks. 2.59 and 52-week low of Rs. Is 1.47. Its market cap is Rs. 589.06 crores.
company business
Let us tell you that most of the companies of Anil Ambani are going through the process of bankruptcy. Reliance Communications is also going through bankruptcy process. Let us tell you that Reliance Anil Dhirubhai Ambani Group is an industrial house or group which has many companies. Its owner is Anil Ambani.