Shares of RCom zoom nearly 36%

New Delhi: Shares of Reliance Communications (RCom) garnered heavy demand, surging nearly 36%, in an otherwise sluggish broader market on Wednesday. The sharp rise in the stock came amid reports that the National Company Law Tribunal adjourned the hearing of insolvency petitions filed against Reliance Communications to early next month. The stock zoomed 35.24% to close at Rs 17.27 on the BSE helped by fag-end buying. During the day, it rose sharply by 44.94% to Rs 18.51. At NSE, shares of the company rose 35.68% to end at Rs 17.30. In terms of equity volume, 370.98 lakh shares of the company were traded on BSE and over 26 crore shares changed hands at NSE during the day. PTI

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