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Jio Financial Share Price: Shares of Jio Financial Services Ltd saw a decline following the demerger of Reliance Industries Ltd. But since the last 5 trading days, the share price of the company is continuously increasing. Shares of Jio Financial rose 8.84 percent on Monday to Rs. reached the level of 267. Let us tell you that the company’s upper and lower circuit bands have been increased from 5 percent to 20 percent.
Price Rs. 280 to Rs. 3 down, the company bankrupted investors
List price left behind
The listing of Jio Financial Services took place on August 21. At the time of listing, the company’s share price in BSE was Rs. 265 per share and in NSE Rs. 262 per share. Currently, Jio Financial’s share price has outperformed the listing price. Let us tell you that during the first few days, the shares of the company saw a sharp decline.
This stock is moving at the speed of a bullet train, the race to buy it is on
According to experts, after the 20 percent cap is imposed, Jio Financial’s shares will not face the upper-lower circuit easily. In such a situation, exiting the company’s indices will not be a problem. If the lower circuit is not seen in the shares of the company on Monday and Tuesday. Hence the company will be excluded from the Nifty index. According to a report by brokerage firm Nuwama, about 110 million shares of Jio would have to be sold to exclude it from the Nifty index.