Witnessing decrease in open interest and in share price Reliance Communications, UltraTech Cement Limited & Max Financial Services Limited has witnessed long unwinding position in Wednesday’s trade.
Meanwhile, RBL Bank & Godfrey Phillips India Limited has witnessed short covering position is today’s trade.
Following are the top open interest losers on today’s trade:
RCOM
RBLBANK
ULTRACEMCO
MFSL
GODFRYPHLP
Reliance Communications has traded on a fresh 52 week low of Rs 18.10 per share on NSE on Wednesday’s trade. The stock opened weak as the telecom giant is struggling with its net debt of Rs 44,345.30 crore as on March 31, 2017.
ICRA & CARE Ratings has downgraded Reliance Communications Ltd’s short and long-term debt to default as it has taken into account the delays in servicing its debt obligations.
No comments:
Post a Comment