Quote on JFSL stock hitting lower circuit on the third successive day from Dr. V K Vijayakumar, Geojit Financial Services.
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Below the quote on JFSL stock hitting lower circuit on the third successive day from Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
"In view of the JFSL stock hitting the lower circuit on the third successive day, the stock getting removed from the key indices has been postponed to August 29th. Further circuit downs will necessitate further postponement.
The stock will start trading in the rolling settlement from September onwards.
The selling pressure on the stock comes from institutions who have to exit from the stock before it is removed from the indices. Further weakness in the stock will open up opportunities for long-term retail investors to buy the stock."
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