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Selling pressure for Jio Financial shares may continue. Here’s why

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August 23, 2023
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Selling pressure for Jio Financial shares may continue. Here’s why
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Amid likely selling by both passive funds and active mutual funds, shares of the newly-listed Jio Financial Services tanked another 5% to Rs 239.20 on BSE on its second day on exchanges, taking the overall fall to 10% from the derived price of Rs 261.85. The short-term outlook for the stock is uncertain due to a lack of clarity about business direction and profitability.

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