Jio Financial Services

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.

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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)

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