Latest news with #JBBPL
Economic Times
30-06-2025
- Business
- Economic Times
Jio Financial shares zoom 13% in a week. Is it time to ride the momentum?
Live Events Jio Financial share price performance (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The shares of Jio Financial Services have rallied 13% in one week to a high of Rs 331.40 on the BSE amid positive investor sentiment. The stock jumped 2.4% in intraday Friday, the stock rallied as much as 5.4% on the BSE after announcing that it has been granted a certificate of registration to Jio BlackRock Broking Private Ltd (JBBPL) to operate as a stockbroker and clearing member.'Please note that the Securities and Exchange Board of India, has granted a certificate of registration dated June 25, 2025 to Jio BlackRock Broking Private Limited ('JBBPL') to act as a Stock Broker / Clearing Member,' the company had informed in a filing to the stock the stock is performing well above its significant short, medium and long-term daily exponential moving averages and is oscillating near the 76 mark on the RSI , according to the Trendlyne RSI above 70 is considered to be this momentum and technical indicators, should you buy the shares of Jio Financial Services now?According to Anand James, Chief Market Strategist at Geojit Financial Services , Jio Financial's recent upmove appears strong with two consecutive closes above the upper Bollinger he suggested that a fresh entry at current levels may not be ideal due to a lack of strong momentum signals from directional suggests that the Rs 321–Rs 323 zone could be considered as a potential exit point for those who entered the stock in June. For investors holding existing positions, he sees scope for a further upmove with a target range of Rs 341–Rs 345, while recommending that stop-losses should not be placed below Rs the past one year, the shares of Jio Financial Services have declined by 8.55%, while on a year-to-date (YTD) basis, it has gained 7.55%. In the last six months, the stock has risen 6.99%, and over the past three months, it has registered a sharp gain of 44.02%. For the one-month period, the stock has advanced 14.25%.Around 10:05 am, the stock was trading 1.3% higher at Rs 327.75 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
30-06-2025
- Business
- Time of India
Jio Financial shares zoom 13% in a week. Is it time to ride the momentum?
The shares of Jio Financial Services have rallied 13% in one week to a high of Rs 331.40 on the BSE amid positive investor sentiment. The stock jumped 2.4% in intraday trade. On Friday, the stock rallied as much as 5.4% on the BSE after announcing that it has been granted a certificate of registration to Jio BlackRock Broking Private Ltd (JBBPL) to operate as a stockbroker and clearing member. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Knee pain treatment prices might surprise you Knee pain| search ads Find Now Undo 'Please note that the Securities and Exchange Board of India, has granted a certificate of registration dated June 25, 2025 to Jio BlackRock Broking Private Limited ('JBBPL') to act as a Stock Broker / Clearing Member,' the company had informed in a filing to the stock exchanges. Technically, the stock is performing well above its significant short, medium and long-term daily exponential moving averages and is oscillating near the 76 mark on the RSI , according to the Trendlyne data. An RSI above 70 is considered to be overbought. Live Events With this momentum and technical indicators, should you buy the shares of Jio Financial Services now? According to Anand James, Chief Market Strategist at Geojit Financial Services , Jio Financial's recent upmove appears strong with two consecutive closes above the upper Bollinger Band. However, he suggested that a fresh entry at current levels may not be ideal due to a lack of strong momentum signals from directional indicators. He suggests that the Rs 321–Rs 323 zone could be considered as a potential exit point for those who entered the stock in June. For investors holding existing positions, he sees scope for a further upmove with a target range of Rs 341–Rs 345, while recommending that stop-losses should not be placed below Rs 314. Jio Financial share price performance Over the past one year, the shares of Jio Financial Services have declined by 8.55%, while on a year-to-date (YTD) basis, it has gained 7.55%. In the last six months, the stock has risen 6.99%, and over the past three months, it has registered a sharp gain of 44.02%. For the one-month period, the stock has advanced 14.25%. Around 10:05 am, the stock was trading 1.3% higher at Rs 327.75 on the BSE. Also read: Torrent Pharma shares surge 4% after agreeing to acquire JB Chemicals for Rs 11,900 crore ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
27-06-2025
- Business
- Economic Times
Jio Financial Services shares gain over 4% on broking license news
Jio Financial Services (JFS) shares were trading 4.36% higher at Rs 326.65 on June 27, 2025, compared to the previous close of Rs 312.45. The stock has also gained 10.38% over the past month, continuing its positive momentum. ADVERTISEMENT The recent uptrend comes after the Securities and Exchange Board of India (SEBI) granted a certificate of registration to Jio BlackRock Broking Private Limited (JBBPL) to operate as a stockbroker and clearing member. The registration, dated June 25, 2025, and confirmed by the company on June 26, marks a significant milestone in JFS's efforts to expand its footprint in the capital markets. With this approval, JBBPL can now offer broking and clearing services, further strengthening JFS's position in the evolving financial services space. Jio Financial already operates an asset management joint venture with BlackRock. The addition of broking services will enable deeper integration across offerings such as mutual fund distribution, equity trading, and investment advisory, making the overall platform more competitive and Financial Services' share price has ranged between a 52-week high of Rs 363.00 and a low of Rs 198.65. The stock currently trades at a price-to-earnings (PE) ratio of 123.12 and a price-to-book (PB) ratio of 1.61. (You can now subscribe to our ETMarkets WhatsApp channel)
Business Upturn
27-06-2025
- Business
- Business Upturn
Jio Financial Services announces SEBI stockbroker license approval for Jio BlackRock Broking
By Aditya Bhagchandani Published on June 27, 2025, 10:42 IST Jio Financial Services Limited has announced that its broking joint venture, Jio BlackRock Broking Private Limited (JBBPL), has received a certificate of registration from the Securities and Exchange Board of India (SEBI) to operate as a stockbroker and clearing member. In a regulatory filing on June 27, 2025, the company stated that the SEBI registration was granted on June 25, 2025. Jio Financial Services received the formal intimation from JBBPL on June 26, 2025, at 11:09 AM. This development follows earlier disclosures made by the company on April 15, 2024, and January 21, 2025, regarding the progress of its broking business partnership with BlackRock. Jio BlackRock Broking Private Limited will now be able to offer stockbroking and clearing services in India's capital markets, strengthening Jio Financial Services' position in the financial services sector. The company stated that this update is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
