ADAG Pack Takes a Severe Beating

Posted on February 9, 2011 by


RCOM is understandably taking a beating as a result of TRAI recommendations of new prices for 2G Spectrum. The excess 2G spectrum will cost the company Rs. 700mn.

The rest of the pack is Reliance Broadcast Network, Reliance Infrastrucutre Ltd, Reliance Power, etc are also taking a significant beating.

I am losing my shirt on my own portfolio. Any ideas why Reliance Infra is getting beaten? Is it just a bearish market sentiment in the broader markets or something specific that I am missing.