Monday, December 23, 2024
HomeStocksJio Financial Services shares surge over 6% on inclusion in F&O segment

Jio Financial Services shares surge over 6% on inclusion in F&O segment

-



Jio Financial Services shares surged 6.5% to Rs 318.8 in Thursday’s trade on the BSE following the National Stock Exchange’s (NSE’s) announcement to introduce 45 additional stocks in its futures and options (F&O) segment.

The update, effective from November 29, includes notable names such as Zomato, DMart, BSE, YES Bank, Paytm LIC, and Jio Financial.

Some of the other stocks include Adani Energy, Adani Green Energy, Angel One, Adani Total Gas, Bank of India, CDSL, Cyient, Delhivery, Hudco, Nykaa, KPIT Technologies, Oil India, Tata Elxsi, Tube Investments, PB Fintech, JSW Energy, Jindal Stainless.

NSE ensures that only stocks that have high amounts of liquidity are eligible for inclusion in the F&O segment. Additionally, the exchange looks for stocks that maintain a minimum threshold of average daily turnover and do not have excessive price fluctuations, creating a more stable environment for derivatives trading.

The F&O segment allows investors to trade in derivatives based on the underlying value of a stock, enabling them to leverage positions with relatively lower capital requirements.

At 10:32 am, Jio Financial Services’ shares were trading 5.7% higher at Rs 316.6 on the BSE. However, they have declined over 10% in the past six months.In Q2 FY 25, Jio Financial Services reported a 3% uptick in its net profit to Rs 689 crore, versus Rs 668 crore logged in the year-ago period. Revenue from operations in the reported quarter stood at Rs 693.50 crore, up 14% over Rs 608.04 crore posted by the company in the corresponding quarter of the previous financial year.Also Read: India in a multi-year bull market despite slowdown and FII exits

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)



Source link

LATEST POSTS

Nifty: A Nifty bounce after gap-down may happen this time too

Is the ‘gap-down’ opening in the Sensex and Nifty on December 19 signalling a rebound in the market? The indices opened gap down 1.3%...

Asian Stocks Eye Cautious Gains as US Worries Ease: Markets Wrap

(Bloomberg) -- Asian stocks are set for a cautiously positive start in holiday-thinned trading after the Federal Reserve’s preferred inflation...

Unintended consequences: U.S. election results herald reckless AI development

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More While the 2024 U.S. election focused...

Canon eyes business from chip companies setting up India operations

NEW DELHI: Japanese imaging and optical products major Canon believes that it has a good opportunity in India for its semiconductor lithography...

Most Popular

spot_img