JFS- Mukesh Ambani s next big bet: Jio Financial Services Limited, the demerged financial business of Reliance Industries, is a non-banking financial company (NBFC) holding, whose shares were listed on the stock exchanges on August 21. After the demerger and subsequent listing of JFS on the stock exchanges, the fledgling JFS commands a market capitalisation of around Rs 1.6 lakh crore- bigger than several public sector banks and next only to that of State Bank of India (SBI). Know all about JFS, its competition with top NBFCs and what lies ahead.
Stocks to buy today: Stock brokerages have recently come out with research reports on select stocks namely ICICI Lombard General Insurance (ICICI Lombard), Apollo Tyres, Just Dial and Angel One. Apollo Tyres and Angel One have a buy rating with an upside potential of up to 40%, while ICICI Lombard has a hold rating by Nuvama Institutional Equities. Here s what brokerages said about these counters.