Latest news with #JioFinancialServices
Business Upturn
11 hours ago
- Business
- Business Upturn
Nifty 50 top gainers today, June 20: Trent, Jio Financial Services, Mahindra & Mahindra, Bharti Airtel and more
Indian stock markets ended sharply higher on June 20, with benchmark indices hitting high levels. The Nifty 50 closed above the 25,000 mark, settling at 25,112.40, up 319.15 points (1.29%). Meanwhile, the Sensex jumped 1,046.30 points (1.29%) to finish the session at 82,408.17. Among the Nifty 50 stocks, several companies recorded significant gains, led by Trent, Jio Financial Services and Mahindra & Mahindra. Below is a detailed look at the top gainers of the Nifty 50 (as per Trendline) for the day. Nifty 50 Top Gainers on June 20 Trent Ltd : Topped the charts with a 4.0% gain, closing at ₹5,950 . Jio Financial Services : Rose 3.3% , ending the day at ₹293.5 . Mahindra & Mahindra : Continued its strong run, gaining 3.1% to settle at ₹3,189.9 . Bharti Airtel : Moved up 3.0% and closed at ₹1,934 . Nestle India : Gained 2.8% , finishing at ₹2,383.1 . Power Grid Corporation : Added 2.2% to close at ₹292.7 . Reliance Industries : Also up 2.2% , ending the session at ₹1,464.1 . Bharat Electronics Ltd (BEL) : Rose 2.1% to ₹407.1 . HDFC Life Insurance : Increased 2.1% , closing at ₹778 . Shriram Finance: Ended 1.8% higher at ₹664. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Bharti AirtelJio Financial ServicesMahindra & MahindraStock MarketTrent Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
19 hours ago
- Business
- Time of India
Jio Financial Services Share Price Live Updates: Jio Financial Services excels with 24.15% returns
20 Jun 2025 | 08:40:58 AM IST Stay informed with the Jio Financial Services Stock Liveblog, your comprehensive resource for real-time updates and in-depth analysis of a leading stock. Get the latest details on Jio Financial Services, including: Last traded price 284.1, Market capitalization: 180492.75, Volume: 13910925, Price-to-earnings ratio 111.93, Earnings per share 2.54. Our liveblog combines fundamental and technical insights to provide a holistic view of Jio Financial Services's performance. Stay ahead of the market with breaking news that can influence Jio Financial Services's trajectory. Our expert analysis and stock recommendations empower you to make well-informed financial decisions. Trust the Jio Financial Services Stock Liveblog for up-to-date information and expert insights. The data points are updated as on 08:40:57 AM IST, 20 Jun 2025 Show more
Business Standard
a day ago
- Business
- Business Standard
Jio Financial buys 7.90 crore JPBL shares from SBI for Rs 104.54 crore
Jio Financial Services announced that it has acquired 7.90 crore equity shares of Jio Payments Bank Ltd (JPBL) from State Bank of India (SBI) for a total consideration of Rs 104.54 crore. The transaction follows the approval granted by the Reserve Bank of India (RBI) on 7 June 2025, enabling the transfer of shares. JPBL is now a wholly owned subsidiary of Jio Financial Services. Jio Financial Services (JFSL) is a core investment company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Finance, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank. The company had reported 1.8% increase in consolidated net profit to Rs 316.11 crore on 18% jump in revenue from operations to Rs 493.24 crore in Q4 FY25 over Q4 FY24. Shares of Jio Financial Services fell 1.20% to Rs 284.55 on the BSE.
Mint
2 days ago
- Business
- Mint
Jio Financial Services share price slides for 3rd day amid weakness in Indian market. Can Reliance group stock rebound?
Jio Financial Services share price fell over 1.5 per cent on NSE in Thursday's trading session due to selling pressure. The financial services company shares opened in green in early morning trade, however, slipped in red touching an intraday low to ₹ 285.30 apiece. Jio Financial Services Limited announced that it had acquired 7,90,80,000 equity shares of Jio Payments Bank Limited (JPBL) from the State Bank of India for ₹ 104.54 crore. The transaction had received approval from the Reserve Bank of India on June 4, 2025. After the transaction, Jio Payments Bank is now a fully-owned subsidiary of Jio Financial Services. Earlier, it functioned as a joint venture between Jio Financial Services and the State Bank of India (SBI). In March, Jio Financial revealed its plans to acquire the 17.8 per cent stake held by SBI. The company has made headlines recently due to multiple mutual fund scheme launches by Jio BlackRock Asset Management. This entity is a 50:50 joint venture between Jio Financial Services and BlackRock, and it has secured approval from the Securities and Exchange Board of India (Sebi) to begin operating as an investment manager for its mutual fund business in the country. Jio Financial Services posted an 18 per cent year-on-year rise in revenue for the fourth quarter, reaching ₹ 493.2 crore, driven by robust performance in lending, leasing, and digital financial services. The company's net profit for the March quarter edged up by 1.7 per cent to ₹ 316 crore, compared to ₹ 310.6 crore in the same period last year. A major highlight for the full year was the significant rise in assets under management (AUM), which soared to ₹ 10,053 crore by March 31, 2025, up from ₹ 173 crore a year earlier. This impressive increase was fueled by Jio Finance Limited (JFL) as it accelerated its lending and leasing activities and extended its presence to 10 tier-1 cities. Drumil Vithlani, Technical Research Analyst at Bonanza believes that the Jio Financial Services stock is currently encountering resistance near the falling trendline zone of ₹ 298– ₹ 300. " On the momentum front, the Relative Strength Index (RSI) is hovering near the midpoint, indicating a potential slowdown in bullish momentum. Unless the stock decisively breaks above the ₹ 300 mark, fresh long positions should be avoided. On the downside, a close below ₹ 280 could accelerate selling pressure, potentially dragging the stock toward the ₹ 260 level," Vithlani said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
2 days ago
- Business
- Economic Times
Jio Financial shares in focus on taking full control of JPBL from SBI
The shares of Jio Financial Services are likely to remain in the spotlight on Thursday, June 19, following its acquisition of a significant stake in Jio Payments Bank Limited (JPBL) from the State Bank of India (SBI). The company announced the acquisition of 7.90 crore equity shares of JPBL, valued at Rs 104.54 crore. ADVERTISEMENT The acquisition was made in accordance with the approval received from the Reserve Bank of India (RBI), which was granted on June 4. The acquisition transforms JPBL into a wholly owned subsidiary of Jio Financial Services, which is expected to solidify its position in the growing digital financial services space in India. The company had previously announced plans to acquire a 17.8% stake from SBI. Shares of Jio Financial Services closed at Rs 288 on June 18, showing a modest increase of 0.62% over the previous day's closing company is also gearing up for its next big step in India's mutual fund industry, with the launch of a series of mutual fund schemes through Jio BlackRock Asset joint venture between Jio Financial Services and BlackRock is poised to leverage both companies' strengths—Jio's digital reach and BlackRock's investment expertise. The approval of this venture from the Securities and Exchange Board of India (SEBI) positions the company as a key player in India's mutual fund space. ADVERTISEMENT Jio Financial Services has shown a steady upward trajectory, with its latest report revealing a 2% growth in net profit for FY25. The company reported a profit of Rs 316 crore for the fourth quarter, compared to Rs 311 crore in the previous year. Revenue from operations also rose by 18%, reaching Rs 493 crore from Rs 418 crore in FY24. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
