Page 2 - Jm Financial

Just Dial rings in a tepid September quarter; analysts keep a wary eye

On the bourses, Just Dial shares plunged up to 4.51 per cent to hit an intraday low of ₹820.85 per share on Q2 results.

JM Group entities pay ₹3.9 cr to settle regulatory lapses case with Sebi

JM Group entities -- JM Financial, JM Financial Services and JM Financial Products -- have settled with markets regulator Sebi a case of alleged irregularities in managing public issue of non-convertible debentures (NCDs) of Piramal Enterprises after paying Rs 3.92 crore. Additionally, JM Financial Ltd (JMFL) and JM Financial Services Ltd (JMFSL) disgorged illegal gains worth Rs 1.22 crore and Rs 1.33 crore, respectively, according to a settlement order passed by Sebi on September 19. Also, JM Financial has agreed to a voluntary three-month debarment from acting as a manager in any public issue of debt securities, effective from the date of the settlement order. Similarly, JMFSL will refrain from acting as a distributor in such issues for the same period, while JMPL has accepted a three-month ban on undertaking IPO financing activities. The case relates to public issues of NCDs during 2023. During the examination of one such public issue of NCDs of Piramal Enterprises, it was obser

Swiggy needs $500 mn war chest for quick commerce battle: JM Financial

JM Financial downgraded Swiggy citing widening losses and balance sheet stress, warning the firm needs over $500 million to sustain Instamart against Blinkit's rapid expansion

JM Financial downgrades CarTrade; stock bleeds 19%, 'Sell' call explained

Domestic brokerage JM Financial downgraded CarTrade to a 'Sell' rating from 'Hold' with a September 2026 target price of ₹2,350, implying around 14 per cent downside from current levels.

Angel One gets 'Buy' call; what makes JM Fin bullish after 20% YTD fall

JM Financial assigned a target price of ₹2,700 apiece on Angel One, implying an upside of 17.5 per cent from Friday's close

JM Financial downgrades defence, industrials; turns bullish on consumption

JM Financial also turned underweight on banks, NBFCs and insurance as disbursement growth is likely to remain weak in FY26

GST 2.0 to benefit QSR stocks like Jubilant, RBA, Devyani: JM Financial

GST 2.0 reforms may boost QSR demand as tax rates fall. Analysts see Jubilant FoodWorks, RBA, Devyani International, and Sapphire Foods gaining the most

JM Financial initiates coverage on ITC Hotels, sees 12% downside: Check why

JM Financial highlighted that ITC Hotels has delivered a 22 per cent CAGR in Ebitda over FY23-25, driven by strong RevPAR growth

JM Financial Q1 results: Profit jumps 166% to ₹454 crore on lower expenses

JM Financial on Monday reported a 166 per cent rise in consolidated net profit to Rs 454 crore for the June quarter of FY26. The financial services company had earned Rs 171 crore in the same quarter a year ago. Total income rose to Rs 1,121 crore during the June quarter 2025-26, from Rs 1,093 crore a year ago, JM Financial said in a regulatory filing. Total expenses declined to Rs 529 crore compared to Rs 849 crore in the April-June quarter of FY25. Net worth during the quarter has crossed Rs 10,000 crore. The transaction pipeline remains robust across businesses, reflecting the company's deep market engagement, Vishal Kampani, Vice Chairman and Managing Director of JM Financial Ltd, said. "In real estate loans and distressed credit, our focused recovery strategies have delivered strong results, and we remain committed to driving similar outcomes, going forward," he said.

JM Financial unit to sell 2.1% stake in JMFHLL to Bajaj Allianz Life

Under an investment agreement signed on August 9, 2025, JMFCSL will offload 13,646,000 equity shares in JMFHLL at ₹48 per share

Delhivery delivers in Q1: Stock hits 52-wk high, brokerages raise target

Brokerages remained bullish on Delhivery post Q1FY26 results, with most of them raising earnings estimates and target prices on the back of volume-led growth, improving margins, and positive guidance.

Dixon rises 4% on camera module foray; brokerages decode stock strategy

Nomura believes Dixon Technologies' latest move to acquire a 51 per cent stake in Q-Tech's India unit is strategically sound and earnings accretive.

Oberoi Realty-led group to pay Rs 919 cr to acquire bankrupt hotel firm

The resolution plan was approved by the committee of creditors (CoC) on July 14 following which a letter of intent was issued in favour of the consortium

JM Financial bets big on cables & wires; KEI Ind, Polycab among top picks

Rising trend of energy consumption coupled with ongoing urbanisation and robust expansion of data centres and electric vehicles (EVs), the future growth trajectory of the C&W sector looks promising

NFO alert! JM Financial MF launches Large & Midcap Fund; check details here

JM Large & Midcap Fund aims to generate long-term capital growth through investments in high-quality growth stocks

Analyst recommends Canara Bank, Hindalco & one other stock to buy today

Stocks to buy: Analyst pick Hindalco, Canara Bank and one more share to buy; Check full details

JM Financial gets 1.4 lakh sq ft of office space in Mumbai's Mulund

The ₹150-cr space allotment at Prestige Trade Centre stems from a 2020 insolvency resolution involving the defunct Ariisto Developers

Outlook dims: 72% of Nifty50 firms brace for EPS downgrades in FY26

Stocks with the sharpest EPS downgrades included IndusInd Bank, Adani Enterprises, Eicher Motors, ONGC, and Tata Motors, according to JM Financial

JM Financial shares jump 10% on posting 390% rise in PAT YoY; Details

JM Financial share price: In Q4, the company's standalone profit after tax (PAT) increased 390 per cent to ₹134.55 crore as compared to ₹27.47 crore a year ago

Lump sum vs staggered approach: How to invest in the current markets?

While investors believe in India's long-term growth story and resilience amid global uncertainty, they see near-term risks around the direction of a global trade war, Kapoor said