Quote on Jio Financial Services Ltd listing By Dr. V K Vijayakumar, Geojit Financial Services
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Below Quote on Jio Financial Services Ltd listing 21 August 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
JFSL’s valuation is based on expectations surrounding its future growth potential and its 6.1% stake that it owns in RIL. The future growth prospects of JFSL are indeed bright since it can scale up its business hugely with its enormous connection with consumers and merchants. But institutional selling is a drag on the share price in the near-term. Since the stock is in the T segment institutional selling is dragging the price down.
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