Latest news with #JioFinancialServices
Economic Times
5 hours ago
- Business
- Economic Times
Deven Choksey bullish on 3 sectors for long-term portfolio play
"We believe this volatility may subside as we move into the new month and new contract, as rollovers take place. What we're also seeing is that as corporate sectors begin to announce their results, there is a significant shift in positions — from one counter to another, or from one sector to another. This is also contributing to the current volatility," says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd. ADVERTISEMENT The first and second halves of the market look quite different. There's positive sentiment coming in, but yes, we also need to consider that a lot of global uncertainties are weighing on the markets. There are many contingencies, and in the midst of it all, the Indian markets are handling things quite maturely. What is your take on the market texture? Deven Choksey: Well, volatility during expiry days is well known. Typically, we've seen the shift from Thursday to Wednesday and then from Wednesday to Tuesday when the monthly expiry approaches. That's when the maximum volatility and price fluctuations occur in the believe this volatility may subside as we move into the new month and new contract, as rollovers take place. What we're also seeing is that as corporate sectors begin to announce their results, there is a significant shift in positions — from one counter to another, or from one sector to another. This is also contributing to the current volatility. At the same time, this volatility is creating opportunities. Some sharp price corrections are making fundamentally strong companies look quite attractive — not just from a three-to-four-year perspective, but even in the near term, over the next three to four quarters. Broadly speaking, this year has started with promise. We're factoring in lower input costs, lower interest rates, and a recovery in consumption, as well as an improvement in the overall business environment — both B2B and B2C. This is leading to stronger growth prospects for the current we remain distinctly confident that FY25–26 will progress well across upcoming quarters — both in terms of margins and overall revenue growth. ADVERTISEMENT Clearly, long-term investing has proven to be a rewarding experience, and it's important for investors to understand that. That said, there are always many investment ideas circulating. Are there any sector-specific approaches you'd like to share with us? Also, regarding Jio Financial Services — we now see many brokerages and experts highlighting the reasons to invest in it, but I remember you had spoken about the company quite early on. Deven Choksey: Our approach has always been to invest in a company or business when it is in the early stages of growth — when it's still nascent — and then allow it time to mature, eventually monetizing the investment. That's been our philosophy. ADVERTISEMENT So it's no surprise we identified companies like Jio Financial early, before they were widely recognized. In Jio's case, we saw a unique model emerging — encompassing the NBFC (credit) segment, asset management (AMC), insurance, and wealth distribution. These four verticals were clearly beginning to take shape. We even outlined unit-level metrics on how the business could unfold — and we're now starting to see that materialize.I wouldn't be surprised if Jio's AMC business eventually surpasses many existing AMCs in the next three to five years. The scale and reach they can achieve with mass-market financial products could be enormous. ADVERTISEMENT We apply a similar approach across other segments — whether it's BFSI, manufacturing, pharmaceuticals (especially in contract research, manufacturing, and API), or B2B solution providers in engineering and R&D. We see similar growth opportunities in these areas. In fact, sectors like power, power utilities, and related manufacturing and IT are brilliant long-term opportunities. If one can identify strong companies in these segments, now is a very good time to build exposure — and to view these sectors with a holistic, long-term lens. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
6 hours ago
- Business
- Time of India
Jio Financial Services Share Price Live Updates: Jio Financial Services Update: Price and Trends
30 Jul 2025 | 10:15:22 AM IST Stay up-to-date with the Jio Financial Services Stock Liveblog, your comprehensive source for real-time updates and detailed analysis on a prominent stock. Explore the latest information on Jio Financial Services, including: Last traded price 322.7, Market capitalization: 204698.22, Volume: 6415552, Price-to-earnings ratio 126.31, Earnings per share 2.56. Our liveblog provides a comprehensive overview of Jio Financial Services by integrating fundamental and technical indicators. Stay informed about breaking news that can impact Jio Financial Services's performance in the market. Our expert analysis and stock recommendations empower you to make well-informed financial decisions. Join us on this journey as we delve into the exciting world of Jio Financial Services and its market potential. The data points are updated as on 10:15:22 AM IST, 30 Jul 2025 Show more
India.com
7 hours ago
- Business
- India.com
Mukesh Ambani's family to take major control over in Jio Financial Services, stake likely to go above..., crucial meeting today
Mukesh Ambani's makes big move, set to change very TV into..., move may effect... Mukesh Ambani's family is likely to invest a large amount in Jio Financial Services' upcoming fundraising plan, which could go up to Rs. 10,000 crore. As per a report in Business Standards, the company's board will meet on Wednesday to look at different ways to raise this money. Some of the options being considered include offering new shares to existing shareholders (rights issue), selling shares to selected investors (preferential allotment), or inviting big institutions to invest (qualified institutional placement). They may also choose a mix of these methods. At the moment, the Ambani family owns about 47.1 per cent of the company. But after this fundraise, their share could go above 51 per cent, which would give them majority control. The price of the new shares is expected to be set between Rs. 318 and Rs. 325 each, based on talks held by the company's board on July 30, 2025. Jio Financial Board to discuss fundraising plan today Jio Financial Services, part of the Reliance Group, will hold a board meeting on Wednesday to talk about raising money for the company. In an exchange filing, Jio Financial Services informed exchanges that the meeting of the Board is scheduled for July 30, 2025, to consider and approve proposals for raising funds. The money raised will likely be used for business growth and expansion in areas such as digital finance, lending, and payments. Jio Financial has been growing fast and is working on several new projects, including a partnership with BlackRock to start a new asset management business and the complete takeover of Jio Payments Bank. '…a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, July 30, 2025, to consider and evaluate proposals for raising funds by way of issue of securities/equity shares / warrants including through rights issue, preferential issue, qualified institutions placement or any other methods or combination thereof including determination of issue price subject to such regulatory / statutory approvals as may be required,' the BSE 100 company stated in its filing. Jio Financial Services, carved out of Mukesh Ambani-led Reliance Industries Ltd, is engaged in the business of investing and financing, insurance broking, payment bank and payment aggregator and payment gateway services. Jio Financial Reports 4% rise in profit for April–June quarter Jio Financial Services announced on July 17 that its net profit for the April–June quarter of 2025 rose by 4 per cent, reaching Rs. 325 crore. In the same quarter last year, the company had earned Rs. 313 crore, showing a steady improvement in its earnings. The company's total income also saw a strong jump. It increased to Rs. 619 crore in the June 2025 quarter, compared to Rs. 418 crore during the same period in 2024.
Time of India
10 hours ago
- Business
- 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
a day ago
- Business
- 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.
