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Jio Financial Services back to back touches Lower circuit after listing since 21 August 2023

As soon as it is listed in the market, for the second consecutive day, Jio Financial Services touches its lower circuit. Reliance launched Jio Financial Services in the stock market on August 21, 2023. With this launch, the share price of Jio Financial Services is open at 262 rs. on Monday, August 21. After opening, the share price of Jio Financial Services (JIOFIN) touched its lower circuit after 262.05 rs. high. The lower circuit for JioFin was 248.90.

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Jio Financial Services back-to-back touches Lower circuit after listing since 21 August 2023

On the second consecutive day on August 22, 2023, no recovery was seen in the stock prices of Jio Financial Services. Jio Financial Services back-to-back touches its Lower circuit after listing on 21 August 2023. On 22 August 2023, Jio Financial Services opened at 236.45 and it was its lower circuit again on the second consecutive day. 

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Jio Financial Services’ share price touches its Lower circuit on the third day also

The scenario of lower circuits for Jio Financial Services continued on the third day also after its listing. On the third day 23 August 2023, after a previous close of 236.45, Jio Financial Services opened at 224.65 and hit the lower circuit of that day. 

What is the total market capitalization of Jio Financial Services?

After listing the total market cap. of Jio Financial Services is around 1,58,130 crore. 

After launching Jio Financial Services, the company planned to start Jio financial loans to its customers. Jio Financial Services is going to be a tough challenge to the other financial services providers in the market such as HDFC Financial, Bajaj Finance, etc.  

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Jio Financial Services market loss due to back-to-back hitting lower circuits

After three days of back-to-back hitting lower circuits Jio Financial Services lost 23700 crore. Due to this the total market cap. of Jio Financial Services is now around 1,50,223 crore. 

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