Jio Financial Services shares progress 7 on inclusion in F&O contract
Shares of Jio Financial Services rose 7 to an intraday high of Rs 320.50 after NSE included the company in F&O contract.
NSE released that futures and options contracts on 45 stocks, including Jio Financial Services, will start trading from November 29.
In a indirect, NSE said, “ Members are advised to note that predicated on the stock selection criteria laid down by SEBI vide indirect no. SEBI/ HO/ MRD/ MRD- POD- 2/ P/ CIR/ 2024/116 dated August 30, 2024 and upon receipt of approbation from SEBI, members are hereby notified that futures and options contracts on the following 45 fresh securities will be available for trading from November 29, 2024.
Jio Financial Services Q2 Performance
The company reported a 3 rise in its net profit for the alternate quarter of FY25 to Rs 668 crore as against Rs 668 crore in the same period a year ago. Its gain from operations stood at Rs 693.50 crore, a growth of 14 as against Rs 608.04 crore in the same quarter last year.
Jio Financial Services vs Nifty 50
Shares of Jio Financial Services have fallen 1.62 in the last five trading sessions. It has wiped out over 7 of investors’ wealth in the last one month. The stock has fallen over 10 in the last six months. However, it has gained 35 so far this year. The stock has given a return of 41 in the last one year.
