Jio Financial Services share price: Shares of Jio Financial Services have fallen 1.62% in the last five trading sessions. It has erased more than 7% of investors’ wealth in the last one month.
Shares of Jio Financial Services rose 7% to an intraday high of Rs 320.50 after the company was included in the F&O contract by the NSE.
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The NSE announced that futures and options contracts on 45 stocks, including Jio Financial Services, will start trading on November 29.
In a circular, the NSE said, “Members are advised to note that based on the stock selection criteria as prescribed by SEBI vide circular no. SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/116 dated August 30, 2024 and approval received from SEBI, members are hereby notified that the futures and options contracts on the following 45 additional securities would be available for trading w.e.f. November 29, 2024.”
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Jio Financial Services Q2 performance
The company reported a 3% growth in its net profit standing at Rs 689 crore for the second quarter of FY25, compared to Rs 668 crore posted in the same period a year ago. Its revenue from operations came in at Rs 693.50 crore, an increase of 14% on year, against Rs 608.04 crore logged in the corresponding quarter of the previous financial year.
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Jio Financial Services Vs Nifty 50
Shares of Jio Financial Services have fallen 1.62% in the last five trading sessions. It has erased more than 7% of investors’ wealth in the last one month. The stock has fallen a bit over 10% in the past six months. However, it has gained 35% from year to date. In the last one year, the stock has delivered returns of 41%.
To compare, the benchmark index, Nifty 50 has fallen 2.6% in the past five days. The index has fallen 6.3% in the last one month. However, the index has delivered a 6% return in the past six months and 8.2% from year to date. It has risen 20% in the last one year.
