New Delhi, Sept. 5 -- Reliance Communications shares jumped over 3% in intraday deals on Friday, September 5, despite PSU lender Bank of Baroda classifying the company's loan accounts and its promoter and director, Anil Ambani, as 'fraud'.

The penny stock below Rs.2, Reliance Communications, jumped to the day's high of Rs.1.43 on the National Stock Exchange (NSE) in early morning trade, rising as much as 3.62% over its last closing price of Rs.1.38.

As of 9.55 am, there were 11 lakh buy orders and 4 lakh sell orders for Reliance Communications shares on the NSE.

The company, in an exchange filing, last evening, said, "This is to inform you that Reliance Communications Limited ("Company") has received the aforementioned Letter dated Sep...