Jio Financial Services hits lower circuit on listing day

Jio Financial Services experienced a 5% drop in shares during its listing, contrary to market expectations. Commencing trading at the BSE, the stock opened at Rs 265, marking a 1.20% increase compared to the fixed price of Rs 261.85 determined during a dedicated price discovery; the shares then dropped to the lower circuit of 5%, or Rs 251.75.

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