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The stock of Reliance Communications touched a new 52-week low on Friday. The share prices of telecom firm, which rallied to ₹5.32 from ₹3.96 between March 18 and 22 on the back of Mukesh Ambani saving his younger brother from going to jail, started falling after that. The stock has been hitting the 5 per cent lower circuit continuously from March 19 onwards. Offloading of shares by the lenders added fuel to the woes of the company. The shares of Reliance Communications now trades at 30 per cent below their face value of ₹5. The free float market capitalisation of the stock now stands at ₹425.03 crore on the BSE.
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