Jio Financial Services Shares Hit the Lower Circuit on 1st Trading Day

Jio Financial Services Shares Hit the Lower Circuit on 1st Trading Day

Know More – Jio Financial Services Shares

Guess what? The debut trading day for Jio Financial Services (JFS) shares didn’t start off as well as they hoped. The shares went down so much that they hit a lower circuit, which means they couldn’t be traded any lower for that day. Imagine if the shares were like a roller coaster going down a steep hill.

The value of the entire Jio Financial Services company, which we call market capitalization, went from being worth more than Rs 1.68 lakh crore to now being worth less than Rs 1.6 lakh crore. That’s a big drop in just one day!

Important Points – Jio Financial Services Shares

– The shares of JFS had their first trading session, but they didn’t do so well. They hit the lower circuit.
– On Monday, the JFS shares dropped by 5% to Rs 251.75. That’s like if you bought a chocolate bar for $5, but then it suddenly became worth $4.75. Not a great feeling, right?
– After being listed on the stock exchange for three days, the JFS shares won’t be a part of Nifty50 and Sensex anymore. It’s like they’re moving out of a popular club.

Here’s what happened in more detail – Jio Financial Services Shares

When JFS shares started being traded for the first time, they immediately hit the lower circuit. It’s like when you’re playing a game, and you can’t move backward because there’s a wall blocking you. The shares started at Rs 265 each, just a tiny bit higher than their calculated price of Rs 261.85 on July 20. That date is important because it’s when the company got split into parts.

But things didn’t go so well after that. The total value of the company, which was really high before, dropped a lot. It went from being worth more than Rs 1.68 lakh crore to less than Rs 1.6 lakh crore. Imagine if you had a bunch of toy cars, and suddenly their total value became less than what you thought.

These shares of JFS are in a special group where they can’t be traded as much in a single day. It’s like they’re playing hide-and-seek and don’t want to be found too quickly.

The people who owned shares in Reliance Industries got some shares of JFS too. For every share they had in Reliance Industries, they got one in JFS. So, it’s like if you shared your candy with a friend, and you both got the same amount.

The price of JFS shares was actually supposed to be lower according to what most people thought. But surprise, surprise! It turned out to be higher based on the date when something important happened in the company.

So, that’s the story of JFS shares. A bit of a bumpy start, but who knows what might happen next? Just like how a rainy day can turn into a sunny one, things might get better for these shares too!

FAQ – Jio Financial Services Shares Debut

1. What happened with Jio Financial Services shares on their first trading day?

   – The shares of Jio Financial Services (JFS) hit a lower circuit on their debut trading day, which means they couldn’t be traded at a lower price for that day.

2. How did the value of Jio Financial Services change on its first trading day?

   – The total market capitalization of JFS dropped from being worth more than Rs 1.68 lakh crore to less than Rs 1.6 lakh crore on its first trading day.

3. What happened to the shares of JFS on Monday after they were listed?

   – The shares of JFS dropped by 5% to Rs 251.75 on Monday, the day they were listed.

4. Will Jio Financial Services shares be part of Nifty50 and Sensex?

   – No, after being listed on the stock exchange for three days, JFS shares won’t be included in Nifty50 and Sensex anymore.

5. How did the trading price of JFS shares start on their debut day?

   – The trading price of JFS shares started at Rs 265 each, which was a bit higher than their calculated price of Rs 261.85 on July 20.

6. What’s special about the trading group for JFS shares?

   – JFS shares are in the ‘T’ group securities on BSE, which means they can’t be traded as frequently within a single day.

7. How did eligible shareholders of Reliance Industries receive JFS shares?

   – Shareholders of Reliance Industries received JFS shares in a 1:1 ratio, meaning for every share they had in Reliance Industries, they got one share of JFS.

8. Why was the price of JFS shares different from expectations?

   – The price of JFS shares turned out to be higher than expected based on a significant event in the company that happened on a specific date.

9. What can be expected for the future of JFS shares?

   – While the shares had a bumpy start, the future remains uncertain. Just like how weather can change from rainy to sunny, things might improve for these shares too.

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