Jio Financial Services Record High: Shares of Jio Financial Services are trading 12 percent higher today. Today the company has reached new heights and for the first time the company’s market capitalization has crossed Rs 2 Lakh Crore.
Jio Financial Services Record High
Shares of Jio Financial Services are trading 12 percent higher today. Today the company has reached new heights and for the first time the company’s market capitalization has crossed Rs 2 Lakh Crore. Jio Finance’s market cap has risen to Rs 2.16 lakh crore.
Shares of Jio Finance hit a record high of Rs 347, an all-time high for the stock. Jio Finance was listed on the stock market on August 21, 2024.
Jio Financial Services’ net profit fell to Rs 293 crore in the December quarter of the current financial year. The company had made a profit of Rs 668 crore in the same quarter last year. The company’s net interest income (NII) for the December quarter was Rs 269 crore.
Jio Financial Services has earlier announced a joint venture with global asset management company BlackRock. In October 2023, both companies filed documents with market regulator Sebi to start mutual fund business in India.
Jio Financial Services was formerly known as Reliance Strategic Investments. It was demerged from Reliance Industries and listed as an independent entity on 21 August.
Shares of Reliance Industries also touched a new high today and this share witnessed a historical level of Rs 2988.80. The stock opened at Rs 2979 today and later rose to a new high of Rs 2988.80.
Due to this boom, the market cap of Reliance Industries has crossed 20 lakh crores. RIL’s market cap has risen to Rs 20.13 lakh crore.
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