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JFS may target consumer durable loans, unsecured personal and small-ticket merchant loans by leveraging Reliance Retail and Jio’s physical and digital distribution channels, IIFL Securities said in an August note.
The decision to exclude the stock was taken as Jio Financial did not hit the price band in the last two trading sessions. The news of exclusion from NSE indices comes nearly a week after the stock was excluded from Sensex and other BSE indices. ....
Jio Financial Services: Shares of Jio Financial Services (JFS), the demerged financial services business of Mukesh Ambani-led Reliance Industries Ltd have been excluded from Sensex and other BSE indices. Watch this Visual Story to see what analysts say about Jio Financial s exclusion from Nifty. ....
Shares of Jio Financial climbed 4.47 per cent to hit a high of Rs 221.75 on BSE. Shares of Reliance Industries gained half a per cent to hit a high of Rs 2,483.
Shares of Jio Financial Services hit lows at Rs 205.15 post hitting the lower circuit. However, the stock rebounded about 10 per cent to Rs 224.80 during the session. ....