Jio Financial Service Shares Show Upward Trend; Goes 21% High In 5 Days
Share Market: Jio Financial Service Limited Shares were declined after the company separated from Reliance Industries Limited. But for the last 5 trading days, the prices of the company's shares are showing a steady upward trend. On Monday, during the trading hours, Jio Financial's shares went up by 8.84 percent to reach a level of Rs 267. The upper and lower circuit band of the company has been increased from 5 percent to 20 percent.
Surpasses the listing price
The shares of Jio Financial Services were listed on 21 August. The share price of the company at the time of listing was Rs 265 per share on BSE and Rs 262 per share on NSE. In the first few days after the listing, there was a sharp decline in the shares of the company.
According to experts, as the 20 percent limit is imposed, Jio Financial's shares will not easily hit the upper-lower circuit.
Current Price of Jio Financial Share
Monday - Up by 3.88 percent at closing
Last Five Days - Up by 21.15 Percent
Current Price - Rs 254.65
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