Jio Financial incorporates subsidiary for distribution of financial products; stock gains nearly 2%
The development comes nearly a month after JFSL received approval from the RBI for conversion of the firm from NBFC to a core investment company.
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August 2024
September 2023
August 2023
July 2023
Jio Financial to exit Nifty indices from Sept 7; stock snaps 6-session gaining streak
JFSL shares rise over 20% in the last six sessions after Mukesh Ambani, at RIL’s 46th AGM, announced that the company will soon enter India’s insurance segment.
Jio Financial’s circuit limit revised to 20% from 5%; stock rises 26% in 5 sessions
JFSL shares gained 8.8% to hit an intraday high of ₹267 on the BSE, while the market capitalisation climbed to ₹1.67 lakh crore.
Should you buy, hold or sell RIL shares after AGM; here’s what analysts say
Post RIL’s 46th AGM, several analysts have maintained their rating and target price on RIL shares, expecting an upside potential of up to 23%.
Jio Financial shares rebound 10% after hitting 5% lower circuit for 5th day
JFSL shares turned positive for the first time since its listing on the stock exchanges on August 21, driven by strong volume trade.
Jio Financial hits 5% lower circuit for 3rd session; exclusion from indices deferred
Stock exchanges postponed the exclusion of JFSL from key indices to August 29 from August 24 earlier, after the stock hit its lower circuit limit for two straight sessions.
Jio Financial Services shares hit 5% lower circuit for 2nd straight day
The shares of the demerged entity of Reliance Industries have fallen 10% in two sessions due to surge in institutional selling.
Jio Financial makes flat debut on bourses; falls up to 5% post listing
JFSL shares listed at ₹265 on the BSE and ₹262 on the NSE, against its discovered price of ₹261.85 at a special pre-open session conducted by the NSE on July 20.
Explainer: What does RIL-JFSL demerger mean for shareholders?
The share price for Jio Financial Services was discovered at ₹261.85, which was much higher than analysts’ estimate of ₹160-190 per share
