Jio Finance Share Price | Shares of Jio Financial Company rose 0.78 per cent to Rs 344.65 on Tuesday (NSE: JioFinance) Jio Financial stock is currently trading above its 5-day, 10-day, 12-day, 20-day, 26-day, 50-day, 100-day and 200-day SMA levels. Jio Financial is the NBFC subsidiary of Reliance Industries Limited. The total market capitalization of the company is Rs 2.20 lakh crore. (Jio Financial Company Excerpt)
The company is part of the BSE 200 index. Jio Financial stock is trading at Rs 346.85, down 0.10 percent on Thursday, September 5, 2024. Stock market experts have advised to invest in Jio Financial stock. According to experts, the stock can go up to Rs 370 in the coming days. However, a stoploss is required at a price of Rs 330. Shares of Jio Financial Company have gained 46% in 2024. On Friday (06 September 2024), the stock was trading at Rs 338, down 2.06%. Reliance Industries Limited had separately listed its financial services business under 'Jio Financial Services' in July 2023 last year. Jio Financial Services Company has invested Rs 6,75,00,000 in Reliance International Leasing IFSC Limited, a wholly-owned subsidiary. Reliance International Leasing IFSC Limited and Reliance Strategic Business Ventures Limited have signed an agreement to set up a joint venture. Jio Financial has entered into a Memorandum of Understanding to form a joint venture with BlackRock. This was announced in July 2023. Both companies will make an initial investment of $150 million in these joint ventures. Insurance sector company Jio Insurance Broking Limited has partnered with 31 leading private and public sector insurance companies to make insurance services available on the JioFinance app.
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