It will not be out of the index for the next three days due to two consecutive days of lower circuit in JFSL.
New Delhi:
Shares of Jio Financial Services Ltd. have hit the lower circuit for the second day in a row after listing on the stock market. JFSL stock hit a circuit low of 5% in early trade on Tuesday. BQ Prime According to the report, it will now be out of the index for the next three days due to the lower circuit for two consecutive days.
According to NSE data, there were no buyers for the shares and around 8.49 crore shares were pending for sale as per the order book on the second day of trading.
Trouble for Jio Financial Services
About 19.4 lakh shares of JFSL were traded at Rs 236.45 per share, according to Bloomberg data, though no information was immediately available about its sellers and buyers.
If the JFS does not hit the price band for two consecutive days, it will be removed from the index after the third trading day, even if it hits the price band on the last day.
Today, around 11 am, shares of Jio Financial Services Limited (JFSL) are seen down 12.45 (5.00%). Due to which this share is Rs. Trading around 236.45.