Jio Financial Services Listing Highlights: JFSL hits lower circuit minutes after listing on bourses

			

				
								
					    Updated on: August 22, 2023 08.35 AM IST		
				
			

                    

			   
Jio Financial Services Listing LIVE UPDATES
          

        
        
        

        

            

                

					 

                        

		
          
      
      
      

      
      
Jio Financial Services Listing Highlights: Shares of Jio Financial Services, the demerged financial services unit of Reliance Industries, listed on the bourses on Monday, with the shares rising marginally on BSE.


At the BSE, it began the trade at Rs 265, up 1.20 per cent, against Rs 261.85, the price fixed at a special price discovery session held last month. It later jumped 6.24 per cent to Rs 278.20.


Highlights of the listing of Jio Financial Services Ltd.  



	  	        

	  
	

      
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Mon, August 21, 2023, 16:09 PM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Jio Financial Services Listing: "JFS listing below street expectation"


 


“Listing of Jio Financial Services (JFS) was below street expectation. The market was knowing this selling pressure would come from ETF funds after Friday's news of FTSE funds. We believe the JFS would face short-term selling pressure as the street assumes the fair value of share price Rs 150-180 apiece on stake valuations and post listing the stock is trading at a much higher price than its assumed fair value. Based on business interest the long-term outlook for JFS is bullish due to its focused interest in consumer and merchant lending, asset management, insurance, payments and digital broking. It has already announced a 50:50 joint venture entity with BlackRock to enter the mutual fund industry. As of date, short-term euphoria on valuations would stay as a concern before it gets settled near the street fair value. We remain neutral on JSL for the short term.”


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Mon, August 21, 2023, 11:21 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Jio Financial Services Listing LIVE UPDATES: Reliance appears to be keeping arm's length transactions from other entities


 


According to brokerage BofA Securities, by separating financial services from the core business, Reliance appears to be keeping arm's length transactions from other entities, and in theory helping them better to attract strategic or JV partners who are keen only in the financial services arm - like what they did with Reliance Jio or tower InvIT. 


 


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Mon, August 21, 2023, 11:05 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Jio Financial Services Listing LIVE UPDATES: Euphoric valuations are here to stay



"We expect such euphoric valuations to hold for a while amid expectation of robust organic growth as well as probable opportunities of inorganic growth available in the financial domain," Incred Equities said in a report. 


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Mon, August 21, 2023, 10:35 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Jio Financial Services Listing LIVE UPDATES: 6,80,44,363 shares of JFSL traded on NSE


 


A total of 6,80,44,363 shares of Jio Financial Services Ltd traded on the NSE on Monday.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Mon, August 21, 2023, 10:20 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Jio Financial Services Listing LIVE UPDATES: JFSL listing on NSE and BSE




		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Mon, August 21, 2023, 10:15 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Jio Financial Services Listing LIVE UPDATES: JFSL's lower circuit on NSE and BSE


 


The 5 per cent lower circuit of Jio Financial Services Ltd on the BSE is Rs 251.75. The same on the NSE is Rs 248.90.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Mon, August 21, 2023, 10:09 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Jio Financial Services Listing LIVE UPDATES: JFSL hits lower circuit minutes after listing on bourses


 


Minutes after being listed on bourses, shares of Jio Financial Services Ltd hit a lower circuit.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Mon, August 21, 2023, 09:58 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Jio Financial Services Listing LIVE UPDATES: Stock lists at Rs 262 on NSE


 


Shares of Jio Financial Services list at Rs 262 per share on the NSE.




		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Mon, August 21, 2023, 09:50 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Jio Financial Services Listing LIVE UPDATES: JFSL second largest NBFC in India



JFSL is now the second-largest NBFC in India and the 32nd most valued company, bigger than giants like Tata Steel, Coal India, Indian Oil, and SBI Life.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Mon, August 21, 2023, 09:50 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Jio Financial Services Listing LIVE UPDATES: Demerger was announced in October last year


 


Reliance Industries announced last October that it would demerge and list its financial services business, Reliance Strategic Investments, which will be renamed Jio Financial Services (JFS). 


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Mon, August 21, 2023, 09:36 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Jio Financial Services Listing LIVE UPDATES: JFSL has huge capital


 

Zee Business Managing Editor Anil Singhvi said that the company has huge capital which is a good thing for a company like JFSL. However, the negative side of the company is that it has no turnover as of today. 




		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Mon, August 21, 2023, 09:29 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Jio Financial Services Listing LIVE UPDATES: Company's net worth is Rs 1.17 lakh crore


 


The net worth of Jio Financial Services is around Rs 1.17 lakh crore and out of that shares of Rs 1.05 lakh crore are of Reliance only. After the demerger, the company got a 6.1 per cent share in the Reliance.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Mon, August 21, 2023, 09:24 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Jio Financial Services Listing LIVE UPDATES: JFSL shares to remain in the T2T Segment for 10 days


 


Jio Financial Services will remain in the Trade-To-Trade Segment for 10 days. Trade to Trade (T2T) is a stock segment where shares are traded only on a delivery basis. This simply means that JFSL shares will not be eligible for intraday trading for the said period.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Mon, August 21, 2023, 09:23 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Jio Financial Services Listing LIVE UPDATES: Anil Singhvi tells all you need to know about JFSL



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Mon, August 21, 2023, 09:15 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Jio Financial Services Listing LIVE UPDATES: Long-term investors can hold, says Anil Singhvi


 


Zee Business Managing Editor Anil Singhvi on Monday said that long-term investors can hold shares of Jio Financial Services Ltd. 




		


				
					
			
			
	
	
	


        
       




  

    

  
  
  
  
  
  

    						

 
		







 
							
						

					 

                   
                

                
            

        

        
        

        

      

        

			
			

        

        
    

    
    
   
    
    
    
    
    

    
    




  
    
    
  



  


                  

                

                

                  

                    
                

              

            

          


        

        

      

    

      










  
  
  
  
  
  










  
  
  



	
        

      

        
        
        

      

    



  
  


  

    
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