Jio Financial Shares Fall 2.3% After Quarterly Profit Slumps 51%
Jio Financial Services reported a 51% slump in second-quarter profit after tax. Shares fell 2.3% to 214.1 rupees on Friday and were among the Nifty 50's top losers.
Shares of India's Jio Financial Services (NSE:JIOFIN) declined 2.3% on Friday after the non-bank lender posted a 51% drop in second-quarter profit after tax. The stock traded at 214.1 rupees, ranking among the top losers on the benchmark Nifty 50 (NSE:NIFTY).