Businessman Mukesh Ambani.
Businessman Mukesh Ambani.
Bad news has come for those investing in the shares of Jio Financial Services, the new company of India’s richest industrialist Mukesh Ambani. It is being told that for the second consecutive session on Tuesday, the share price of Jio Financial Services has registered a decline of 5%. Shares of Jio Financial Services opened at Rs 239.20 and closed at Rs 251.75 on BSE, down about 5% from its previous close. Let us tell you that Jio Financial Services Limited, which was earlier known as Reliance Strategic Investments Limited.
Trading will be done in trade-for-trade
JFSL shares have been accepted for trading on the exchange in the T group list of securities. The stock is said to be in the trade-for-trade segment for 10 trading days. Hence, no intraday trading will be permitted in JFSL shares. Investors can do only delivery based buying and selling under T2T Group stocks. According to the information, JFSL shares will be removed from all indices three days after the listing.
Lower circuit for two days in a row
Only after being listed on BSE and NSE on Monday, Jio Fin shares hit lower circuit. On listing-day, the stock hit the lower circuit of Rs 251.75 on BSE by 5 per cent. On the other hand, as soon as the market opened on Tuesday, its stock suddenly came down. With the lower circuit of 5 per cent, the price of this stock has come down by Rs 12.45 to Rs 236.45.
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