Santosh Meena, head of research at Swastika Investmart, says, “This strategic move aims to temper speculative activity by disallowing intraday trades in these stocks. Investors can buy for delivery; however, it is difficult to sell for delivery if the stock is hitting a lower circuit. As per the earlier circular, it should be out of Nifty on a T+3 basis, but there is a catch because the T+3 will be counted from the listing day provided stock doesn't hit the circuit; therefore, T+3 will be counted when the circuit opens.
Read More:
Jio Financial Services shares hit 5% lower circuit for 2nd straight day - Fortune
Why Jio Financial Services Shares Hit 5% Lower Circuit Again — Explained - CNBCTV18
Jio Financial Services: लिस्टिंग के बाद लगातार दूसरे दिन शेयर में लोअर सर्किट, आगे निवेशकों को क्या रखनी चाहिए स्ट्रैटेजी? - Financial Express (Hindi)
