Jio Financial Share Price | Shares of Jio Financial Services Limited Company were listed after demerger from Reliance Industries Limited. Initially strong selling pressure was seen in this stock. But this stock has been continuously breaking the upper circuit since the last 5 trading sessions. Jio Financial Company shares are trading in the green today as well.
Shares of Jio Financial Company were trading at Rs 267, up 8.84 per cent in Monday’s trading session. Today Tuesday September 5, 2023 shares of Jio Financial Company are trading at Rs 256.25 with an increase of 1.10 percent.
On Monday, Sebi increased Jio Financial Company’s circuit filter from 5 percent to 20 percent. Shares of Jio Financial Services Company were listed on the stock market on August 21, 2023. Shares of Jio Financial Company opened at Rs 265 at the time of stock listing. Jio Financial Company shares are currently trading close to their listing price.
Recently, SEBI has set the circuit filter of Jio Financial stock at 20 percent. But according to stock market experts, shares of Jio Financial Company will not touch the upper lower circuit of 20 percent. Due to this, the shares of this company may fall out of Nifty and other indices. There will be no problem.
If the stock is not stuck in the lower circuit in the trading session of Monday and Tuesday, it will be dropped from the Nifty index. Brokerage firm Nuwama had informed in its report that 110 million shares would have to be sold to delist Jio Financial from the Nifty index.
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