Key Points
Reliance Industries (RIL) subsidiary Jio Financial Services (JFSL) market valuation eroded over Rs 31,000 crore in four days after listing on the exchanges...
Amid likely selling by both passive funds and active mutual funds, shares of JFSL on Thursday also hit a 5% lower circuit to Rs 215.9 on BSE on its fourth day on exchanges...
Under the T2T segment, stocks have to be bought only under the delivery method and are not eligible to be traded on an intraday basis," Prashanth Tapse, Research Analyst- Senior VP Research at Mehta Equities, said.. "Only after the AGM on August 28, we can expect some development in the JFSLs business plan..
Earlier on Tuesday, index provider Asia Index Pvt Ltd deferred the decision to remove the stock from all key indices of BSE, including the Sensex by three days, as the stock hit the lower circuit for two consecutive days...
Jio Financial was added to key indices on July 20 for a temporary period, to give passive and active funds holding RIL stock, an opportunity to trade in the demerged entity...
You might be interested in
Will Jio Financial’s entry into MSCI, FTSE elite group change anything for index fund trackers?
23, Aug, 23As funds owning RIL stock already have Jio Financial shares, there will be no fresh adjustments in their portfolio. As a result, no fresh inflows or outflows is likely with respect to FTSE and MSCI.
Jio Financial breaks the bear 'chakravyuh'; stock jumps 4%
25, Aug, 23The stock was originally set to exit the key indices of BSE and NSE, including the Sensex and Nifty 50 on Thursday. However, exchanges had deferred the removal of the stock from the index since it was locked in the lower circuit for the last two consecutive days
Rs 23,700 crore-dent in 3 days! Jio Financial stock hits 5% lower circuit for 3rd day
23, Aug, 23While selling continues in the domestic market, the inclusion of the stock in the global indices such as FTSE and MSCI provided no support. This is because funds owning RIL stock already have Jio Financial shares, so, there will be no fresh adjustments in their portfolio.
Why Jio Financial Services shares are hitting lower circuit everyday; Deepak Shenoy explains
24, Aug, 23Jio Financial Services shares have plunged for the fourth consecutive session Thursday on persistent selling from institutions who have to exit from the stock before it is removed from the indices.
After pocketing ‘free’ Jio Financial stock, is it time to sell Reliance shares?
21, Jul, 23The share price of JFSL, as derived in the special pre-open session held on Thursday, is nothing but the difference in RIL's closing price on Wednesday and opening price on Thursday at 10 am after the special session.
Reliance market-cap falls below Rs 15 trillion; stock down 9% in six days
16, Mar, 23At 0938 AM Reliance Industries marketcap stood at Rs 1494 trillion on the BSE the exchange data shows
RIL’s Jio Financial to exit FTSE Global indices at zero value on August 22
17, Aug, 23Since Jio Financial Services (JFSL) did not commence trading after 20 business days, and no firm trading date has been announced by the conglomerate, the index aggregator decided to remove it from all indices.
Mad rush to buy RIL shares to earn Jio Financial stock begins. Should you join the party?
10, Jul, 23Under the merger deal, all RIL shareholders, as of the record date of 20 July, will earn one share of Jio Financial Services (JFSL) for every RIL share they own. Investors, therefore, have time till 19 July to buy RIL shares to be eligible for getting JFSL shares.
LIC acquires 6.66% shareholding in Jio Financial Services through demerger action
22, Aug, 23Jio Financial Services: JFS shares hit its lower circuit limits for the second straight session on Tuesday. Its shares were locked at 5 per cent lower circuit limit of Rs 239.20 on BSE.