By Admin 
Jio financial services share: After the rise of four consecutive days, the Indian stock market saw a decline today. In early trade, the BSE Sensex slipped 182.77 points to open at 83,876.13, while the NSE Nifty opened at 25,591.55 with 46.25 points. However, in the midst of all this, on Monday, June 30, the price of Jio Financial shares jumped.
In the last five days, so much boom
This is the fifth consecutive session when the company’s shares have gained an edge. During this time, the stock of Mukesh Ambani’s company has gained up to 13 percent. The company’s shares came up when different businesses got back-to-back approval. With this, Jio Financial has become a complete investment platform.
The company recently received approvals
Last Friday, Jio Blackrock Broking received approval from SEBI to start the operation as a brokerage firm. It is a 50:50 joint venture between the Broking Unit JioBacrock Investment Advisors, Jio Financial Services and the US Blackrock Inc.
Recently, Jio Blackrock Asset Management Private Limited and Jio Blackrock Investment Advisors have also received approval to start the operation. This has increased the trust of investors. Jio is also strengthening its hold in the financial digital payment segment.
The company has recently invested 190 crores in Jio Payments Bank. Along with this, Jio Financial Services has also acquired the full ownership of Jio Payments Bank by purchasing 17.8 percent stake from State Bank of India.
Company march quarter results
The net profit of Geo Financial Services was around Rs 316 crore in the fourth quarter of FY25. Which reflects the lead of 2 percent compared to the same period last year. The company’s operational revenue has also increased by 18 percent to Rs 493.24 crore. However, there was also a slight decline of 4.5 percent in the net interest income, which was Rs 268.09 crore. The company’s board has also announced its first dividend of Rs 0.50 per equity share.
Shares of Geo Financial Services
On Monday, June 30, the price of Jio Financial shares reached the Intrade High of Rs 331.90, which shows a growth of about 2.5. In the last five sessions, the share price has gained up to 10 percent. In the last one month, the share price has increased by about 14 percent.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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