20
Jul
The share price of Jio Financial Services, the spin-off financial services unit of Reliance Industries, unexpectedly rose to Rs 261.85 during a special trading session dedicated to its parent company's stock on Thursday.On Thursday, Reliance's stock was trading at Rs 2,580 per share, against Wednesday's previous closing price of Rs 2,841.85. Market analysts had initially estimated the share price of the entity named Reliance Strategic Investments, which will now be known as Jio Financial Services, which will be priced between Rs 160 and Rs 190 per share.While JFS stocks have been included in major indexes, including India's benchmark Nifty 50,…
