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Home » Jio Financial Services Circuit Filter changed to 20% from 5%

Jio Financial Services Circuit Filter changed to 20% from 5%

Recently, there has been a change in the circuit filter of Jio Financial Services, a company listed in the share market. Bombay Stock Exchange (BSE) has changed its circuit filter from 5% to 20%. The shares of the company were falling after being listed in the stock market, but now there has been a boom in it.

Circuit Filter: This is a limit, which helps in preventing excessive fall or rise of shares. Now shares of Jio Financial Services can rise or fall by up to 20 percent in a trading day. This decision of BSE will be effective from September 4.

Mukesh Ambani had announced in Reliance AGM 2023 that Jio Financial Services is preparing to dominate the insurance sector as well. Let us tell you that on last Friday, the shares of Jio Financial had hit an upper circuit of 5 percent and the price had reached Rs 245.30.

Apart from JFS, the circuit of other companies has also been changed. The price band has been revised to 10 per cent for Venkatesh Refineries, RailTel, India Pesticides and Super Fine Knitters. Rishabh Digha Steel & Allied Products, Vertex Securities, Ratanindia Power has been reduced to 5 percent.

The current market cap of the company is Rs 1.55 lakh crore. It is currently a part of major indices of BSE and NSE including Sensex and Nifty 50. The company has now tied up with BlackRock to enter the asset management industry.

What is Jio Financial Services?

Jio Financial Services is a financial services (Payment services and Insurance broking) company. It is a subsidiary of Reliance Industries Limited (RIL) company owned by Mukesh Ambani. The company was part of Reliance group, but it is separated and now it is an independent entity.

Jio Financial Services listing date on NSE and BSE?

Jio Financial Services company listed on NSE and BSE on August 21, 2023.

What is the official website of Jio Financial Services (JFS)?

Official websiteof JFS:

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