Jio Financial Services shares hit 1-year low, slide 42% in 10 months

Extending their losing streak to the third consecutive trading session, shares of Jio Financial Services (JFSL), the financial arm of Reliance Industries, tumbled another 5% in intraday trade on Wednesday, February 12. With today’s decline, Jio Financial stock hit a new one-year low of ₹223 apiece.

Jio Financial share price has been on a losing streak since the release of its December quarter numbers on January 20, shedding 18% of its value.