JFS outlook: Nomura said Reliance's track record in disrupting the retail and telecom segments has been impressive but it believes lending is a secular business and a different game from the perspective of underwriting, collection and analytics.
Jio Financial in fact led the turn over chart, followed by HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd and Tata Consultancy Services Ltd to name a few.
Jio Financial Services Ltd (JFS) may see $89 million passive inflows on its inclusion in Nifty Next 50. PFC is seen attracting $48 million inflows, Adani Power $45 million, REC $45 million and IRFC $23 million inflows.
Vodafone Idea topped the volume chart, as the stock saw 39,35,72,794 shares worth Rs 612 crore changing hands. It was followed by YES Bank, which saw 9,56,87,514 shares worth Rs 240 crore changing hands.
Bajaj Finance share price: UBS suggested a target of Rs 6,800. The stock was trading 1.06 per cent lower at Rs 7,393.50 in Wednesday's trade. Bajaj Finance trades at 5.5 times one-year forward price to book value, below its long-term average.