Jio Financial Services Ltd (JFSL) share price hits 5% lower circuit after muted listing. Buy, sell or hold?
After spin-off from Reliance Industries Limited (RIL), Jio Financial Services share price listed on BSE and NSE during Monday session. However, JFSL shares had a muted listing in Indian stock market as Jio Financial Services share price opened at ₹265 on BSE and at ₹262 on NSE, which is at par with its market value of ₹261.85 (ascertained on JFSL record date). However, pain for shareholders didn’t end here and it went down further and hit intraday low of ₹248.90 on NSE and ₹251.75 on BSE — hitting 5 per cent lower circuit on both exchanges.