RIL drops 10% in three days. Will it fall further?

NEW DELHI: Reliance Industries shares continued to fall on Wednesday as subdued Q3 numbers, concerns over corporate transparency and clouds over its bid to buy Future Group businesses kept investors away.

The stock has already fallen over 10 per cent in the last three sessions. It was down 1.77 per cent to Rs 1,905 on Wednesday and was the top drag on Nifty and Sensex.

Amazon.com Inc on Monday filed a petition in the Delhi high court, seeking imprisonment of Future group promoters, including founder Kishore Biyani, accusing them of violating securities market rules by illegally encumbering group company shares.