Jio Financial Services Share Price Live Updates: Jio Financial Services Price Movement Today
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Time of India
2 hours ago
- Time of India
Jio Financial board to discuss fundraise plans today
Mumbai: The board of Jio Financial Services , Mukesh Ambani-owned Reliance Group's financial services company, will meet on Wednesday to consider raising funds through equity shares or warrants in a rights or preferential issue, or a qualified institutional placement (QIP). The company might explore any other method, too, for raising funds, it said in a notice to the exchanges. Jio Financial promoters, including the Ambani family and different group holding entities, together own 47.12% of the company. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Management Data Analytics MCA CXO Degree healthcare Technology Project Management MBA Finance Public Policy PGDM Product Management Artificial Intelligence Design Thinking Leadership Others Operations Management Healthcare Cybersecurity others Data Science Digital Marketing Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details "The promoters are likely to raise their stake to 51% from the current 47% through a preferential issue, with shares expected to be priced at ₹318 apiece," said a person who was familiar with the development. The move could infuse around ₹8,000 crore into the company. On Tuesday, the company's shares ended at ₹321 on the BSE up 4.48% from Monday's close. Jio Financial Services, which has partnered the world's biggest asset manager BlackRock to offer fund management services, had reported a 4% on-year growth in net profit in the June quarter on rising interest income. Profit increased to ₹325 crore, from ₹313 crore a year ago, mainly due to a doubling in interest income. Expenses at Jio tripled to ₹261 crore in June 2025 from ₹79 crore a year ago due to higher finance and employee costs. Total income increased 48% to ₹619 crore from ₹418 crore a year ago. Jio Credit's (JCL) total assets under management stood at ₹11,665 crore at the end of June 2025, up from ₹217 crore a year ago. The NBFC arm did not reveal the size of its loan book. Jio BlackRock Asset Management, the mutual fund arm of Jio, commenced operations, launching its maiden new fund offer (NFO) for three cash/debt funds last quarter. The three funds attracted a total of ₹17,800 crore.
Business Standard
16 hours ago
- Business Standard
Nifty scales above 24,700 level; European mrkt advance
The key domestic indices traded with moderate gains in afternoon trade. Investors are closely tracking the ongoing earnings season, tariff situation, and developments in the IndiaUS trade deal. The Nifty surged above the 24,700 level. Gains were seen in realty, pharma and metal shares while IT, consumer durables and private bank shares faced losses. At 13:29 IST, the barometer index, the S&P BSE Sensex added 144.71 points or 0.18% to 81,032.81. The Nifty 50 index rose 54.55 points or 0.22% to 24,735.60. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.54% and the S&P BSE Small-Cap index rose 0.55%. The market breadth was positive. On the BSE, 2,066 shares rose and 1,787 shares fell. A total of 180 shares were unchanged. Gainers & Losers: Jio Financial Services (up 3.37%), Larsen & Toubro (up 1.47%), Bharti Airtel (up 1.46%), Tata Motors (up 1.20%) and JSW Steel (up 1.11%) were the major Nifty50 gainers. Tata Consultancy Services (down 1.08%), Axis Bank (down 1%), SBI Life Insurance Company (down 0.93%), Titan Company (down 0.93%) and Eternal (down 0.91%) were the major Nifty50 losers. Stocks in Spotlight: Indusind Bank fell 0.14%. The company reported a 68.21% decline in standalone net profit to Rs 684.25 crore on 3.79% fall in total income to Rs 14,420.12 crore in Q1 FY26 over Q1 FY25. Mazagon Dock Shipbuilders declined 2.80% after the companys consolidated net profit declined 35% to Rs 452.15 crore despite of 11.4% jump in revenue from operations to Rs 2,625.59 crore in Q1 FY26 over Q1 FY25. NTPC Green Energy shed 0.84%. The companys consolidated net profit dropped 5.46% to Rs 220.48 crore on a 9.31% rise in revenue to Rs 680.21 crore in Q1 FY26 over Q4 FY25. Arvind Fashions rallied 7.57% to Rs 537.70 after the apparel and retail player reported a net profit (PAT) of Rs 13 crore in Q1 FY26, a nearly tenfold jump compared to Rs 1 crore in the same quarter last year. Revenues grew 16% year-on-year to Rs 1,107 crore, up from Rs 955 crore in Q1 FY25, supported by strong traction across channels. Paradeep Phosphates surged 10.59% after the company's consolidated net profit stood at Rs 255.85 crore in Q1 FY26, up 4,655.57% from Rs 5.38 crore in Q1 FY25 Revenue from operations jumped 57.90% year on year (YoY) to Rs 3,754.06 crore in Q1 FY26. Torrent Pharmaceuticals jumped 3.55% after the pharma major reported a net profit of Rs 548 crore, marking a 20% year-on-year increase, driven by resilient revenues and steady margins. Revenue for the quarter stood at Rs 3,178 crore, an 11% rise over Q1 FY25, supported by improved operational leverage. Waaree Energies added 2.80% after the companys consolidated net profit jumped 89.1% to Rs 745.20 crore on 29.8% increase in revenue from operations to Rs 4,425.83 crore in Q1 FY26 over Q1 FY25. Piramal Pharma rose 2.52% has reported a consolidated net loss of Rs 82 crore in Q1 FY26 as against a net loss of Rs 89 crore recorded in Q1 FY25. Revenue from operations for the period under review declined by 1% year-over-year (YoY) to Rs 1,934 crore. Global Markets: European stocks advanced while Asian markets traded mixed as investors awaited the outcome of the ongoing U.S.-China trade talks. Investors also await the result of the U.S. Federal Reserve meeting due Wednesday stateside, where it will make a decision on whether to cut interest rates. On Monday, President Donald Trump announced that a global blanket tariff would likely fall between 15% to 20%. This would affect imports from countries that have not yet negotiated separate trade agreements with the United Statements. Trump had previously announced that baseline tariffs would be just 10%. The presidents tariffs are expected to go into place on August 1. On Wall Street, the S&P 500 closed near the flatline on Monday, with the latest trade deal between the U.S. and EU failing to spark a fresh rally. The broad market index inched up 0.02% to close at 6,389.77, while the Nasdaq Composite gained 0.33% to 21,178.58. The Dow Jones Industrial Average slipped 64.36 points, or 0.14%, to finish the session at 44,837.56.
Time of India
a day ago
- Time of India
Sun Pharma Share Price Live Updates: Sun Pharma's beta value highlights market resilience
29 Jul 2025 | 09:28:28 AM IST Discover the Sun Pharma Stock Liveblog, your go-to destination for real-time updates and comprehensive analysis of a top-performing stock. Keep track of Sun Pharma's latest details, including: Last traded price 1710.7, Market capitalization: 408414.8, Volume: 110060, Price-to-earnings ratio 37.37, Earnings per share 45.55. Our liveblog offers a holistic view of Sun Pharma by examining both fundamental and technical indicators. Stay ahead of market trends with breakingnews that can impact Sun Pharma's performance. Our market analysis and expert opinions provide valuable insights to guide your investment decisions. Join us on the Sun Pharma Stock Liveblog and stay informed in this dynamic market landscape. The data points are updated as on 09:28:28 AM IST, 29 Jul 2025 Show more
