• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Reliance Natural Resources Ltd (RNRL) hit the downward circuit for the fifth trading session running on Tuesday. The stock has now fallen by over 30 per cent to Rs 28.90 from a high of Rs 41.45 touched on March 16.

Dealers said the shares are likely to trade around Rs 25.65-mark, the rate fixed for the buyback offer of 20 per cent of the company's stake by the Anil Dhirubhai Ambani Group. Incidentally, the buyback offer was announced on March 16, after which the shares are on a free fall. On Tuesday, the stock was locked in the downward freeze price of Rs 28.90, a fall of about five per cent.

Rajesh Abraham

More Stories on : Stock Markets | Ear to the ground

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Fidelity launches Special Situations Fund

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line