JIO FINANCIAL SERVICES STOCK UPDATE
Brokers' MTF hits record Rs 73,600 crore amid market highs, surging retail participation
Sebi's MTF framework mandates collateralising existing shares. Kotak Securities cautions investors on MTF investments amidst surging margin funding in anticipation of Modi 3.0 budget.
Is a big boost to power financiers likely in Budget? Deven Choksey answers
Reliance Jio's strategic timing aligns with 5G advancements and tariff adjustments, poised to boost revenue and shareholder value. The company's emphasis on EBITDA margin growth and potential IPO plans suggest a positive outlook for unlocking shareholder value. Deven Choksey says that 12 months forward, with a Rs 1,45,000-1,50,000 crore revenue book, 55% EBITDA margin cannot be ruled out .
Extent and frequency of tariff revisions crucial for financial health of telcos
Following the increase in tariffs, the stock of Reliance Industries rose by 2.3% on Friday to close at Rs 3,131.9. On the other hand, stocks of Bharti Airtel and VIL were under pressure, falling by 1.8% to Rs 1,445.4 and by 3.4% to Rs 17.9 in that order amid profit booking after a recent surge in their prices.
Reliance shareholders approve retail unit's $4 billion lease to Jio Financial
JFS plans to acquire equipment worth 360 billion rupees from Reliance Retail, as the financial services provider plans to enter the device leasing business. Through the deal, JFS' unit - Jio Leasing Services - will buy customer premises equipment, devices and telecom equipment such as routers and cell phones.
Over 10 MF schemes slashed holdings in 7 stocks in May'24. Do you own any?
ETMarkets' analysis shows that more than 10 mutual fund schemes have reduced their investments in seven stocks in May 2024 compared to April 2024. Among these stocks, three experienced a share price increase of 40-50% in 2024 so far, one stock fell by around 22%, and the remaining two had flat performance. (Data Source: ACE MF). Check the list to see if you hold any of these stocks:
- Go To Page 1
Bajaj Housing Finance board approves plan to raise Rs 4,000 crore via IPO
Bajaj Housing Finance, currently a subsidiary of Bajaj Finance, is among 15 NBFC and housing finance companies (HFCs) classified in the so-called upper layer of the RBI, according to a list that was released on September 30, 2022.
Mukesh Ambani's fintech juggernaut starts rolling: The road ahead
Ambani's latest fintech business under Jio Financial Servics Ltd (JFSL) aims to ride on extensive consumer network as well the data Reliance has acquired. The tracks that consumers leave while shopping and using Reliance products and services will form a strong databank for JFSL.
Jio Financial Services launches app to take on its fintech rivals
Jio Finance will offer UPI payments, bill payments, insurance advisory and digital banking. Eventually Jio Financial Services will offer credit products like loans against mutual funds, home loans and others to its customers through the app.
Trent, BEL may replace LTI Mindtree, Divi’s in Nifty rejig
The possible changes would lead to an inflow of Rs 3,500 crore into Trent and Rs 3,000 crore into Bharat Electronics, the brokerage said.
Nestle, Jio Financial among top 10 large cap stocks sold by mutual funds in April
Mutual funds buy and sell securities to actively manage their portfolios. Here is the list of top 10 largecap stocks sold by mutual funds in April, according to a report by ICICI Direct Research.
Buy Zomato, target price Rs 230: Emkay Global Financial Services
Emkay Global Financial Services has buy call on Zomato with a target price of Rs 230.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 39%
Yesterday, all thanks to news reports that change in tax laws might be getting tweaked, once again bears were spotted on the street. Though by evening, all those reports were denied by the government. The fact is that because valuations are high the extent to damage was higher. There is a probability of a selective correction taking place, which is essentially led by the profit booking. At this time if one is looking to increase exposure, it would be better that they should look for stocks where there are some improvements in the business operating matrix that tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 189.41 points up at 22336.4
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 189.41 points up at 22336.4
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 102.5 points up at 22249.5
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 102.46 points up at 22249.45
Jio Financial Q4 Results: Net profit rises 6% QoQ to Rs 311 crore
The net profit was Rs 294 crore in the preceding December quarter. For the full year ended March 2024, the financial services company's net profit grew multi-fold to Rs 1,604 crore as against just Rs 31 crore in FY23.
Jio Financial Services shares slump 3% ahead of Q4 results today
Shares of Mukesh Ambani-led Jio Financial Services declined 3% at Rs 372 on BSE in Friday's early tarde as the investors await the fourth quarter earnings’ result later in the day.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 123.2 points down at 21872.65
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 152.06 points down at 21995.85
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 152.06 points down at 21995.85
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 67.65 points up at 22215.55
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 52.25 points up at 22200.15
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 124.6 points down at 22147.9
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 83.25 points down at 22189.25
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 85.8 points down at 22186.7
Jio Financial, BlackRock enter into JV for wealth management, broking businesses
Jio Financial Services has signed an agreement with BlackRock Inc. and BlackRock Advisors Singapore Pte. Ltd. to form a 50:50 joint venture with Blackrock. The launch of the wealth management and broking businesses is subject to regulatory and statutory approvals.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 148.21 points down at 22371.2
Load More