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Shares of Jio Financial Services Limited (JFSL) rose for the second consecutive day on Wednesday. Shares of Jio Financial Services on the Bombay Stock Exchange (BSE) on Wednesday traded at Rs. 5% upper circuit has been reached at 232.70. Shares have gained momentum after news of Jio Financial’s purchase of shares by a promoter entity surfaced. Shares of Jio Financial traded on BSE on Tuesday at Rs. closed at 221.65.
There is news of buying about 5 crore shares
Jamnagar Utilities and Power, a unit of the promoter group, has reportedly bought around 5 crore shares of Jio Financial Services. These shares were bought at a price of Rs 208-211. This has been said in a report of ET Now. Shares of Jio Financial gained momentum on Tuesday on reports of the block deal, with around 0.8% of the company’s equity shares trading up. Jio Financial shares hit a 52-week high of Rs. is 278.20. At the same time, the company’s shares hit a 52-week low of Rs 205.15.
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Motilal Oswal Mutual Fund bought 3.72 crore shares
Motilal Oswal Mutual Fund bought 3.72 crore shares of Jio Financial Services or 0.6% stake in the company through an open market transaction on August 25. Motilal Oswal Mutual Fund bought these shares at Rs. 202.8 per share and the total value of this deal is Rs. 754 crores. Jio Financial Share Sensex as on 31st August 2023, Nifty including other key indicators will be outside. The company’s shares were listed on the stock exchange on August 21.
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Disclaimer: The information provided here is only about stock performance and does not constitute investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.