Geojit Financial Shares Jump 8% Amid Block Deal

Geojit Financial Services, a company in which Rekha Jhunjhunwala has a big stake, saw its shares go up by 8.5% on December 15.

This happened because a large number of shares, about 4.25 crore, were sold in a special deal worth ₹290 crore.

The shares were sold at an average price of ₹68 each.

Rekha Jhunjhunwala owns 7.20% of the company.

The stock has not done well recently, losing 38% this year, but it has done much better over longer periods, like 68% in three years.

Experts think this big sale might mean that big investors are interested in the company again.