After bumper IPO listing, Jio Platforms shares jump 3% post strong Q2 results | Should you buy, sell or hold?
New Delhi, Nov. 2 -- Jio Platforms share price rose as much as 3% in Monday's trading session after the company reported its first quarterly results on Friday after strong listing last week.
Jio Platforms shares opened at Rs.1,465 apiece today, as compared to previous close of Rs.1,431 on Friday last week and touched an intraday high of Rs.1,475 on 2 November.
The results follow Jio Platforms' stock market debut on October 28, when its shares listed at Rs.1,358 apiece, marking a 21.36% premium over the IPO issue price of Rs.1,119.
Jio Platforms reported a 14% year-on-year (YoY) rise in consolidated net profit to Rs.8,389 crore for the September quarter, marking its first quarterly earnings announcement since its stock market listing ea...
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