Selling pressure for Jio Financial shares may continue. Here’s why

Amid likely selling by both passive funds and active mutual funds, shares of the newly-listed Jio Financial Services tanked another 5% to Rs 239.20 on BSE on its second day on exchanges, taking the overall fall to 10% from the derived price of Rs 261.85. The short-term outlook for the stock is uncertain due to a lack of clarity about business direction and profitability.

Forrás: eredeti cikk

Next Post

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent News

LSD News
Hosting & operation by SaSFly.net – VPS, domain, web hosting and IT security.