Jio Financial Services Shares Plunge 5%: What’s Behind the Shocking Drop?
Shares of Jio Financial Services Limited (JFSL), the financial unit spun off from Reliance Industries Limited (RIL), experienced a 5% decline, prompting the activation of the lower circuit for the second consecutive trading session. Right after the commencement of the market session, JFSL shares triggered the 5% lower circuit on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). By 9:28 am, the company's shares had slipped 5% on the NSE, settling at Rs 236.45 per share, while they dipped to Rs 239.20 on the BSE.