Jio Financial up 4% post Q4; RIL shares edge higher ahead of earnings
Reliance Industries is slated to release its March quarter earnings post-market hours today.
Reliance Industries is slated to release its March quarter earnings post-market hours today.
On Friday, JFS shares rose as much as 14.5% to hit a new all-time high of ₹347, while the market capitalisation increased to ₹2.07 lakh crore.
JFS' income fell 31.9% to ₹414 cr compared to ₹608 cr in Q2 and ₹404 cr in Q1
Just why NBFC is the latest holy grail in financial services.
Jio Financial shares rise as much as 0.7% to ₹221.75 on the BSE, while the market capitalisation climbs to ₹1.4 lakh crore
The financial services arm of Reliance Industries is looking to raise up to ₹10,000 crore through its maiden bond issue.
Shareholders of JFS parent RIL in October 2023 had approved appointment of Isha Ambani, her brothers Akash Ambani and Anant Ambani as the non-executive directors
The total revenue of the NBFC arm of RIL jumped 48% on a sequential basis to ₹608 crore in Q2 FY24.
Shares of Jio Financial have given 5% returns since its listing on the BSE and NSE on August 21 after spending a month as a dummy stock on the exchanges since July 20.
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.