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.
According to the data from Bloomberg Billionaires Index, Mukesh Ambani added $2.76 billion in the previous trading session, which took his wealth beyond $102 billion level.
Jio Financial Services: For a spun off entity to be excluded from NSE indices, it must have two consecutive days without any circuit limits or price band, upper or lower.
Jio Financial was listed on August 21 at a 1.18 per cent premium over its discovered price of Rs 261.85 apiece on July 20. BSE has increased the price band for the stock to 20 per cent from 5 per cent earlier
The stock hit a day s high of Rs 267 on BSE and Rs 266.95 on NSE. In the last 5 days of non-stop rally, the stock has rallied over 26%. Waving goodbye to its T2T segment days, JFSL s old 5% price band has been revised to 20% on both exchanges.