Jio Financial share price: The stock rose 2.93 per cent to hit a day high of Rs 364.15. At this price, it was 2.76 per cent away from its all-time high value of Rs 374.50, a level seen last month on March 12.
JFS shares plunged 7.21 per cent to hit a low of Rs 268.20, before recovering some of the lost ground. The stock was still down 3.77 per cent at Rs 278.15 in the first 15 minutes into trading.
Jio Financial Shares Price: Shares of Jio Financial Services (JFSL) fell 6.25% to Rs 250.10 on BSE after reporting a 56% QoQ drop in Q3 profit. The decrease was due to the absence of dividend income on shares held in Reliance Industries (RIL) and increased operating expenses. JFSL plans to focus on secured lending, launch a leasing business, and expand its client base in insurance broking.
JFS stock price: Sebi's latest processing status report on MF applications suggested that the application by JFS and BlackRock Financial Management dated October 19, 2023 was under consideration of getting an in-principle approval.
Jio Financial Services, KRChoksey said, aims to increase financial services penetration with the acceleration of its strategy of being a digital-first financial solution company.