Page 11 - Jio Financial Services

Jio Financial hits down limit for third day, Aeroflex subscribed 21 times

Market players expect the selling pressure to continue until the selling by passive funds is fully absorbed

From Jio Financial to Zerodha, Indian mutual fund managers going 'passive'

Fund houses have launched 23 passive funds so far this year, half the 45 launched in 2022 and well above 10 in 2019, data from Value Research shows

Jio Financial Services reels under selling pressure, loses 5% again

Stock sheds Rs 16K cr in market value in two days; exclusion from Sensex, Nifty deferred

Life Insurance Corp picks up 6.66% stake in Jio Financial Services

The cost of the acquisition was 4.68 per cent of the pre-demerged cost of Reliance Industries Ltd

LIC acquires 6.66% stake in Jio Financial Services through demerger process

Life Insurance Corporation (LIC) on Tuesday said it has acquired 6.66 per cent stake in Jio Financial Services, the demerged non-banking financial services unit of the Mukesh Ambani-led Reliance group. "... Corporation has acquired 6.660 per cent shareholding in 'Jio Financial Services Ltd' through demerger action by 'Reliance Industries Ltd'," LIC said in a regulatory filing. Jio Financial Services listed on the stock exchanges on August 21. The market capitalisation of the financial services company stood at close to Rs 1.60 lakh crore. The LIC further said that the cost of acquisition of Jio Financial Services is 4.68 per cent of the pre-demerged cost of Reliance Industries. Shares of Jio Financial Services were trading at Rs 239.20 apiece, down 4.99 per cent, hitting the lower circuit limit for the second straight session on the BSE. On August 21, The scrip listed at Rs 265 on the BSE, up 1.20 per cent against the Rs 261.85 -- the price fixed at a special price discovery sessi

Jio Financial hits 5% lower circuit for second straight day post listing

Till 11:39 am; a combined 6.03 million shares changed hands, with pending sell orders for 106 million shares on the NSE and BSE

Shadow banking: India bets on Jio and a boom, while China hits a funk

The trajectory of financiers, especially those who don't take state-insured deposits, is beginning to diverge in the neighbouring economies

Jio Financial makes tepid market debut; shares hit 5% lower circuit

Chairman Kamath says to have late-mover advantage

Sensex ends 267 pts up; Adani Group stocks shine; Jio Fin dips 5% on debut

CLOSING BELL ON AUGUST 21, 2023: The NSE Nifty 50 ended with a gain of 84 points at 19,394. Jio Financial Services settled at the 5 per cent lower circuit on debut on Monday.

Unlocking value

RIL will gain from demerging unrelated businesses

RIL, ONGC, M&M: Trading strategies for buzzing stocks of the day

Trend remains optimistic in RIL, ONGC, M&M, KEX and Titan shares, as per their respective charts.

Jio Financial lists at Rs 265, becomes 33rd most-valued co; should you buy?

At 10:21 AM, JFS was locked at the 5 per cent lower circuit when compared with the special discovery price of Rs 261.85. The stock was locked at Rs 251.75 on the BSE and Rs 248.90 on the NSE

Top headlines: Jio Financial shares to debut, big techs seek relaxation

Business Standard brings you the top headlines at this hour

Shares of Ambani's $20 bn Jio Financial Services set to debut in Mumbai

Jio Financial, which as yet boasts of little revenue but owns a 6.1% stake in Reliance, has already announced a partnership with BlackRock Inc. to set up an Indian asset management venture

Stocks to Watch: Jio Financial, Titan, Gujarat Gas, Tanla Platforms, KEC

Stocks to Watch on August 21, 2023: Jio Financial Services will be listed on the exchanges today. Experts believe the stock could top the Rs 300-mark on listing

Trends, trading activity of foreign investors to guide markets: Analysts

With the first quarter earnings season coming to an end, the domestic equity markets would be driven by global trends and trading activity of foreign investors this week, analysts said. The movement of global oil benchmark Brent crude and the rupee against the dollar would also drive trends in the market. "Macroeconomic indicators, trends in global stock markets and FII activities will be pivotal in shaping market trends in the coming days," Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd, said. The market will react to some key global events such as the US existing home sales, initial jobless claims, and Eurozone S&P global composite PMI, Arvinder Singh Nanda, Senior Vice President at Master Capital Services Ltd, said. "With Fed Chair Jerome Powell's speech and more macro data lined up globally this week, we expect domestic as well as global markets to remain under pressure. Also, RBI would release its meeting minutes on Thursday. "However, action is likely to .

Jio Financial Services to list on Monday; MFs to sell 145 million shares

Listing could see Rs 3,800 crore worth of selling by passive MFs

RIL rebounds 3% from day's low ahead of Jio Financial listing on August 21

Shares of Reliance Industries touched an intra-day high of Rs 2,576, bouncing back nearly 3 per cent from its intra-day low of Rs 2,508.50 on the BSE

Can Jio disrupt the mutual fund business?

While Jio MF will undoubtedly grow in size, it will have to cross multiple hurdles even to emerge as the market leader

Can the Jio-BlackRock joint venture stir the AMC pot? What analysts say

Growth expectations of incumbent AMC players may get trimmed in the medium-to-long term, analysts said, once the Jio-BlackRock JV unveils its plans