Comments
Jio Financial Services stock has surged over 8 per cent on Friday, hitting a 52-week high at ₹347.
As of 11:13 am, the stock surged by 8.39 per cent on the NSE, trading at ₹328.25.
The company, in January 2024, reported a 56 per cent decline in consolidated net profit to ₹294 crore for the third quarter ended December 2023 compared to the previous quarter.
Meanwhile, Reliance Industries stock, which is trading at ₹2,969.45, up by 0.20 per cent (as of 11:23 am), has also hit a 52-week high at ₹2,988.80.
Earlier this month, Reliance Industrial Investments and Holdings Limited (RIIHL), a wholly owned subsidiary of Jio Financial Services Limited, sold 100 per cent equity stake in Jio Infrastructure Management Services Limited (JIMSL) to Reliance Strategic Business Ventures Limited (RSBVL) for an aggregate cash consideration of ₹0.92 crore.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.