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Jio shares extend gains to 2nd day, up 33% from issue price; here's what analysts say

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Core Development: Jio shares extend gains to 2nd day, up 33% from issue price; here's what analysts say
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Market & Financial Impact: Live financial intelligence and market filing report on ZeroLive.
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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

Jio Platforms shares extended their gains for a second consecutive session on Thursday, after making a blockbuster debut on the exchanges a day earlier.

The stock opened gap-up and touched a high of Rs 1,489.70 per share on the NSE, gaining more than 5 percent during the session.

At the day's high, the stock was up more than 33 percent from its issue price of Rs 1,119 in just two trading sessions.

Shares of the Reliance Industries-backed digital services company made a strong debut on Wednesday, opening at Rs 1,358 on both the BSE and NSE, a premium of 21.36 percent over the issue price.

On the BSE, the stock closed at Rs 1,417.35 on its debut day, up 26.66 percent from the issue price. During the session, it had climbed 27.23 percent to touch a high of Rs 1,423.80.

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Official Publisher Attribution: This report is aggregated from Moneycontrol. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
Read Original Full Coverage on Moneycontrol ↗
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