There has been a tremendous rise in the shares of Jio Financial today. The company's shares jumped by about 9 percent in 110 minutes on NSE. Due to which the market cap of the company has increased by about Rs 14 thousand crores.
Mukesh Ambani's new company Jio Financial has been delisted from BSE. It is trading only on the National Stock Exchange. On Monday, Jio Financial's stock jumped up to 9 per cent in 110 minutes. Due to this boom, the market cap of the company increased by about 14 thousand crore rupees. Also, the shares of the company reached record high. The company's stock was listed at Rs 262 on the NSE. After which there was a continuous decline in the shares of the company. After the AGM of Reliance Industries, there was an increase in the shares of the company. Since then, the shares of Jio Financial have seen an increase of 26 per cent.
9 percent rise in company's shares
Today, there was a tremendous growth of 9 percent in the shares of Jio Financial. The company's stock crossed the listing price of Rs 266.95 within 110 minutes to reach a new level. The company's stock came at Rs 262 on the National Stock Exchange on the day of listing. After that continuous lower circuit lag. During the Annual General Meeting of Reliance Industries, since the announcements made regarding Jio Financial, the shares of the company are seeing a boom. Since then the company's stock has jumped more than 26 percent.
Current position of shares of the company
If we talk about the current situation, the company's shares are trading at Rs 253.50 with a rise of 3.41 percent at 3:15 pm. The company's stock had closed at Rs 245.15 a day earlier. By the way, the company's stock had opened at Rs 255.30. If experts are to be believed, we may see further increase in the company's shares in the coming days. The company will now trade only on NSE. Trading was stopped from BSE from Friday.
Profit of about Rs 14 thousand crores
Due to the increase in the shares of the company, there has been an increase in the market cap. In 110 minutes, there has been an increase of about 14 thousand crore rupees in the market cap of the company. When the company's stock reached Rs 266.95 at 11.05 am, the market cap stood at Rs 1,69,634.459 crore. While the market cap of the company was Rs 1,55,781.560 crore a day earlier. This means that there has been an increase of Rs 13,852.899 crore in the market cap of the company.
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